The ratio of C.P and S.P of an article is 25:26. Find gain percent.5%4%26%25%
Question
The ratio of C.P and S.P of an article is 25:26. Find gain percent.5%4%26%25%
Solution
The given ratio of Cost Price (C.P) and Selling Price (S.P) is 25:26.
Step 1: Let's assume the Cost Price (C.P) to be 25x and the Selling Price (S.P) to be 26x.
Step 2: We know that Gain is calculated as (S.P - C.P). So, Gain = 26x - 25x = x.
Step 3: Gain percent is calculated as (Gain/C.P)*100. So, Gain percent = (x/25x)*100 = 4%.
So, the gain percent is 4%.
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