Question

a man bought a chair for 500 rupees and sold in at 20% gain. find its sp?​

Answer 1

Answer:

The selling price of the chair after 20 % profit is Rs. 600 Rupees.

Step-by-step explanation:

Given information in the question,

 Cost price of the chair = Rs. 500 Rupees.

Profit in the chair = 20 %

Profit is  calculated always on the basis of the cost price.

   so, Price = 20 % of cost price

                  =$\frac{20}{100}\cdot 500\\ \\ =100$

We know that ,

Selling price of the chair = cost price of the chair + profit

                          =$500+100\\ \\ =Rs.600 \hspace {2mm}Rupees$

Answer 2

Answer:

If a man bought a chair for 500 rupees and sold in at 20% gain, then its sp is Rs 600. ​

Step-by-step explanation:

Given: Cost price of chair (CP) = 500 Rs

%gain = 20%

Find SP

Step 1: By using % gain formula find gain

% gain= gain /CP × 100

20 = gain/500 × 100

20 = gain/5

gain = 100 Rs

Step 2: By using gain find SP

SP - CP = gain

SP - 500 = 100

SP = 100 + 500

SP = 600 Rs