Question
A book which costs N24.00 was sold for N30.00. What is the gain percent
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The cost price (CP) = N24.00
The selling price (SP) = N30.00
Profit = SP - CP = N30.00 - N24.00 = N6.00
Gain percent = (Profit / CP) x 100
= (N6.00 / N24.00) x 100
= 25%
Therefore, the gain percent is 25%.
The selling price (SP) = N30.00
Profit = SP - CP = N30.00 - N24.00 = N6.00
Gain percent = (Profit / CP) x 100
= (N6.00 / N24.00) x 100
= 25%
Therefore, the gain percent is 25%.