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Profit and Loss if a person brought a article for 480$ and sell it for 540$.What it is his gain percent?

Profit and Loss
if a person brought a article for 480$ and sell it for 540$.What it is his gain percent?

Grade:7

2 Answers

Vikas TU
14149 Points
5 years ago
Percentage gain = (540 – 480)*100/540 => 600/54 => 300/27 => 100/9 => 11.11 %Would be the profit percentage for the person selling the article at 540$.
HARSH SAXENA
19 Points
5 years ago
Cost Price=480$
Selling Price=540$
Here,S.P.>C.P.
Therefore, it will be gain
Now,Gain=Selling Price – Cost Price
               =540$ – 480$
               =60$
Gain Percent=(Gain/Cost Price)*100
                   =(60$/480$)*100
                   =0.125*100
                   =1.25%

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