if my cost price is $6300 and my selling price is $5000 then what would be my gain and gain percentage?
2 answers:
<u>Given</u><u> </u><u>:</u><u>-</u>
<u>To </u><u>Find</u><u> </u><u>:</u><u>-</u>
<u>Solution</u><u> </u><u>:</u><u>-</u>
Well there is no gain as you can see the CP > SP .So there is a loss . We can find the loss and loss% . As ,
Loss = CP - SP
Loss = $(6300-5000)= $1300
Now the loss% is ,
Loss% = Loss/CP * 100
Loss% = $1,300/$6300*100
Loss% = 13/63 * 100
Loss% = 20.63%
<u>Hence</u><u> the</u><u> </u><u>loss </u><u>is </u><u>$</u><u>1</u><u>3</u><u>0</u><u>0</u><u> </u><u>and </u><u>the </u><u>loss%</u><u> </u><u>is </u><u>2</u><u>0</u><u>.</u><u>6</u><u>3</u><u>%</u><u>.</u>
Step-by-step explanation:
Cost Price = $6300
Selling Price = $5000
Loss = $6300 - $5000
= $1300
Loss percentage = $1300/6300 × 100
= 20.6%
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