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Find the Gain Or Loss Percent, If S.P. = Rs. 12 and Profit = Rs. 4 - Mathematics

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Question

Find the gain or loss percent, if S.P. = Rs. 12 and profit = Rs. 4

Sum

Solution

S.P. = Rs. 12 and profit = Rs. 4

∴ C.P. = S.P. - gain

= Rs. 12 - Rs. 4 = Rs. 8

Gain % =`("gain" xx 100)/"S.P" = (4 xx 100)/8 = 50%`

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Concept for Application to Profit and Loss (Single Transaction Only)
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Chapter 9: Profit, Loss and Discount - Exercise 9 (A)

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Selina Concise Mathematics [English] Class 7 ICSE
Chapter 9 Profit, Loss and Discount
Exercise 9 (A) | Q 1.6
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