A person buys a pair of shoes for Rs. 600 and sells them for Rs. 720. What is the gain percent? MCQ with Answer and Explanation

Explanation:
Let CP = 100, MP = 150, SP = 150*0.6 = 90, loss = 10%.

Explanation:
When two articles are sold at the same selling price, and one is sold at a profit of x% and the other at a loss of x%, there is always an overall loss. Loss % = (x^2)/100. Here, x = 20. Loss % = (400)/100 = 4%.

Explanation:
Loss = 800, loss% = 800/8000*100 = 10%.