Calculate Gain Percentage from Cost Price and Selling Price
What is the gain percentage if the Cost Price is Rs.500 and the Selling Price is Rs.565?
How is the gain or loss percentage calculated in this scenario?
Calculation of Gain Percentage:
The gain percent for the provided cost price and selling price values, Rs.500 and Rs.565 respectively, is calculated to be 13%.
When the selling price is higher than the cost price, a gain percentage can be calculated. In this case, the selling price is Rs.565 while the cost price is Rs.500. To calculate the gain percentage, we use the formula:
Gain% = [(S.P - C.P) / C.P] x 100Substitute the given values into the formula:
Gain% = [(565 - 500) / 500] x 100 = 13%Therefore, the gain percentage in this scenario is 13%, indicating a profit was made on the transaction. It's important to understand and calculate gain percentages to evaluate the success of business transactions and investments.