Question

A goldsmith bought 100 gm of for rs 54000 from a wholesaler. He then sold it at gain of 10% . Find the SP of 10g gold for goldsmith.

Answer 1

first take out the price of 1gm of gold with the profit and multiply it by 10 then the answer will be 5490

Answer 2

SP of 10g gold for goldsmith is Rs.5940

Step-by-step explanation:

Cost price of 100 gms gold = Rs 54000

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

Cost price of 10 gms gold =$5400$

Gain% = 10%

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

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

$SP=5940$

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

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A goldsmith bought 100 gm of gold for Rs 54000 from a wholesaler. He then sold it at gain of 10%. Find the :

a) S.P of 10g of gold for the goldsmith