A cycle was purchased for ₹ 2000 and ₹ 400 were spent on its repairs. It was then sold at a gain of 12½ %. How much did the seller receive? * 1 point ₹ 2500 ₹ 2650 ₹ 2700 ₹ 2750
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Given : A cycle was purchased for ₹ 2000 and ₹ 400 were spent on its repairs.
It was then sold at a gain of 12½ %.
To Find: How much did the seller receive?
₹ 2500 ₹ 2650 ₹ 2700 ₹ 2750
Solution:
cycle was purchased for ₹ 2000
spent on its repairs. ₹ 400
Total cost price = 2000 + 400 = 2400 ₹
gain of 12½ %.
gain = ( 12½/100) * 2400 = 300 ₹
Selling Price = 2400 + 300 = 2700 ₹
seller receive ₹ 2700
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