Suptisree BiswasKnowledge Contributor
The cost price of an item is two-thirds of its selling price. What is the gain or loss percent on that item?
The cost price of an item is two-thirds of its selling price. What is the gain or loss percent on that item?
S.P. of article = Rs. 3x
C.P. = 2/3 × 3x = Rs.2x
Gain = 3x – 2x = Rs. x
Gain% = x/2x × 100 = 50%
Answer: Gain percent on that item is 50%.