Question

A man bought a cycle for rs. 2500 for how much should he sell it so as gain 12%?

Answer 1

Step-by-step explanation:

CP=2500

Gain%=12

CP=100 +12÷100×2500

112÷100×2500

= 2800

Answer 2

Given:

The cost price of a cycle=Rs. 2,500

Profit=12%

To find:

The selling price of the cycle

Solution:

We can find the solution by following the given steps-

We know that the amount of profit is calculated on the cost price of the article.

The amount of profit= 12% of Rs.2,500

=12×2,500/100

=12×25

= Rs. 300

The selling price is equal to the sum of cost price and profit

Selling price= Rs.2,500+ Rs.300

= Rs.2,800

Therefore, the man should sell the cycle for Rs. 2,800 to gain 12%.