A man bought a box for 250, for how much should he sell it so as to gain 10% (with whole process)
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Given :
- Cost Price of the Box = Rs 250
- Required gain% = 10%
To Find :
- Selling Price of the Box to get 10% gain
Formula :
- Selling Price = (100 + Gain%/100) × Cost Price
Solution :
Putting the values,
- Selling Price = (100 + Gain%/100) × Cost Price
- Selling Price = (100 + 10/100) × 250
- Selling Price = (110/100) × 250
- Selling Price = (11/10) × 250
- Selling Price = 11/10 × 250
- Selling Price = 11 × 25
- Selling Price = Rs 275
Therefore :
- He should sell the box for Rs 275 to gain 10% .
More Formulas :
- Gain = Selling Price - Cost Price
- Loss = Cost Price - Selling Price
- Gain% = (Gain/Cost Price) × 100
- Loss% = (Loss/Cost Price) × 100
- SP = (100 + Gain%/100) × CP
- CP = (100/100 + Gain%) × SP
- SP = (100 - Loss%/100) × CP
- CP = (100/100 - Loss%) × SP
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