1.

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

Answer»

50 %



SP = X

CP = 2x/3

Profit = x-2x/3 = x/3

Profit PERCENT = x/3 / 2x X 100/3 = x/3 X 3/2x X 100

=100/2 = 50%



Discussion

No Comment Found