Question

if my cost price is $6300 and my selling price is $5000 then what would be my gain and gain percentage?​

Answer 1

Given :-

• CP = $6300
• SP = $5000

To Find :-

• The gain and gain % .

Solution :-

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 ,

$\longrightarrow$ Loss = CP - SP

$\longrightarrow$ Loss = $(6300-5000)= $1300

Now the loss% is ,

$\longrightarrow$ Loss% = Loss/CP * 100

$\longrightarrow$ Loss% = $1,300/$6300*100

$\longrightarrow$ Loss% = 13/63 * 100

$\longrightarrow$ Loss% = 20.63%

Hence the loss is $1300 and the loss% is 20.63%.

Answer 2

Step-by-step explanation:

Cost Price = $6300

Selling Price = $5000

Loss = $6300 - $5000

= $1300

Loss percentage = $1300/6300 × 100

= 20.6%