Question

A goldsmith bought 100 g of gold for P54000 from a wholesaler. He then sold it at a gain of 10%
Calculate :

(ii) The S.P. 10 g of gold for the wholesaler if his profit is 8%.​

Answer 1

Step-by-step explanation:

Cost price of 100 gms gold = Rs 54000

Cost price of 10 gms gold =\frac{54000}{100} \times 10

100

54000

×10

Cost price of 10 gms gold =54005400

Gain% = 10%

SP=\frac{CP(100+P\%)}{100}SP=

100

CP(100+P%)

SP=\frac{5400(100+10)}{100}SP=

100

5400(100+10)

SP=5940

So, the SP of 10g gold for goldsmith is Rs.5940