Question

Find the gain or loss per cent, when:

(i) C.P. = Rs 2300, Overhead expenses = Rs 300 and gain = Rs 260.

(ii) C.P. = Rs 3500, Overhead expenses = Rs 150 and loss = Rs 146

Answer 1

(i) Given CP = Rs. 2300, overhead expenses = Rs. 300 and gain = Rs. 260

We know that Gain % = {(Gain/ (CP + overhead expenses)} x 100

= {260/ (2300 + 300} x 100

= {260/2600} x 100

Gain = 10%

(ii) Given CP = Rs. 3500, overhead expenses = Rs. 150 and loss = Rs. 146

We know that Loss % = {(Loss/ (CP + overhead expenses)} x 100

= {146/ (3500+ 150)} x 100

= {146/3650} x 100

= 14600/3650

Loss = 4%