When S.P=Rs. 750, C.P=Rs. 600. Find gain percent.
S.P=Rs. 750
C.P=Rs. 600
S.P>C.P, so it's gain.
Gain =S.P−C.P
=750−600
=Rs. 150
Gain%=GainCP×100
=150600×100
=25%
Find the gain or loss per cent when :
(i) C.P =Rs. 620 and S.P =Rs. 713
(ii) C.P =Rs. 675 and S.P =Rs. 630
(iii) C.P =Rs. 345 and S.P =Rs. 372.60
(iv) C.P =Rs. 80 and S.P =Rs. 76.80
Statement1: Profit is defined as the positive difference between selling price(S.P) and cost price(C.P) when ( S.P > C.P).
Statement 2: Loss is found when (C.P > S.P)