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Q.


What will be the gain or loss percent when CP=Rs 2400 and SP =Rs 2592?

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a

10%

b

9%

c

12%

d

8% 

answer is D.

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Detailed Solution

Given that, C.P is Rs. 2400 and S.P is Rs. 2592.
We have the following formula:
S.P=selling price.
C.P=cost price.
Gain=S.P-C.P
Gain%= S.P−C.P C.P ×100  
Loss=C.P-S.P
Loss%= C.P−S.P C.P ×100   The gain percentage is,
= 2592−2400 2400 ×100 = 192 2400 ×100 =8   The gain is 8%.
Hence, the correct option is 4.
 
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