Question

Gurpreet bought a cycle for Rs. $750.00$. The transport charges were Rs. $10$. If he sold the cycle for Rs. $798$, find his gain or loss.

Answer 1

We are given

C.P = 750 Rs + 10 Rs

= 760 Rs

S.P. = 798 Rs.

So, S.P - C.P = 798 - 760

$=38>0$

$\therefore S.P-C.P.>0$

$\therefore S.P>C.P.$

Gurpreet gain 38 Rs.