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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