Question

A pen is bought at Rs.20. To gain 20% profit what would be its sale price ?​

Answer 1

Answer:

A pen is bought at Rs.20. To gain 20% profit its sale price is 24Rs.

Step-by-step explanation:

Cost price of pen = Rs 20

% gain = 20%

Find the sale price.

% gain = Gain/CP ×100

20 = Gain/20 × 100

400 = gain × 100

gain = 400/100 = 4 Rs

The profit or gain is equal to the selling price minus cost price.

So, selling price =Gain + CP

= 4 + 20

= 24 Rs

So, sales price of pen is 24 rs.