Question

Find the gain or loss percent when:
CP$=Rs.2400$ and SP$=Rs.2592$

Answer 1

We have,

Cost Price, $CP=Rs.2400$

Selling Price, $SP=Rs.2592$

We know that if the selling price is greater than cost price, then seller have a profit or gain.

Therefore,

Gain $\%=\frac{SP-CP}{CP}\times 100$

Gain $\%=\frac{2592-2400}{2400}\times 100$

Gain $\%=\frac{192}{24}$

Gain$\%=8\%$

Hence, the gain is $8\%.$