What will be the Gain or Loss Percent? if

The coast price of an item is two-third of its selling price. What is the gain or loss percent on that item ?

  1. 45
  2. 50
  3. 35
  4. 54
Abdul Salam Newbie Asked on 9th August 2015 in Maths.
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2 Answer(s)

Answer = 50

Given , CP = (2/3)SP
Profit = SP – CP = SP – (2/3)SP = (1/3)SP
Profit % = (Profit/CP) *100 = ((1/3)SP / (2/3)SP)*100 = 50

KumarDilip Newbie Answered on 9th August 2015.
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Answer: (2) 50 %

Explanation:-
Let the selling price of an item = Rs. X

The cost price of an item is two-third of its selling price.
Then, the cost price = 2 X / 3
Profit = X – 2 X / 3
= (3 X – 2 X )/3
= X/ 3

Profit percent = (X/ 3) x 100/( 2 X/3)
= X x 100 x 3/3 x 2 X
= 100/2
= 50 %.

Then, the profit percent is 50 %.

Hence, the answer is (2) 50 %.

Anurag Mishra Professor Answered on 9th August 2015.
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