Question

4. A goldsmith bought 100 g of gold for 54000 from a wholesaler. He then sold it at a gain of 10%
Calculate :
(i) The S.P. of 10 g of gold for the goldsmith.
(ii) The S.P. 10 g of gold for the wholesaler if his profit is 8%.


please answer both the parts with full solution ​

Answer 1

Answer:

(i) 54540

(ii)

Step-by-step explanation:

(i) to find the S.P, it is very simple. he said he got a 10% profit, so we will just add the profit to the original price, 54000. to calculate the profit, we will simply have to do 10% of 54000.

calculate 10% of 54000 : (10 divided by 100) * 5400

1/10 * 54000 = 540

add 10% of 54000 to 5400 (because there was a ten percent increase)

10% of 54000 = 540 ( as calculated earlier)

54000 + 540 = 54540

thus we get our answer

(ii) the S.P, of 10 g, obviously, first, we will have to convert 100g to 10g, so we will divide it by 10

1000g/10 = 10g

but, we also have to divide the price by 10

54000/10 = 5400

so, we have it! the S.P is 5400