Question

Amit bought an article for 2250 and spent 75 on its transportation. he sold it for 2275.find his gain or loss.​

Answer 1

Answer:

Let the selling price of the article be Rs.x.

Cost price of the article =Rs.1215

Money spent on transporting =Rs.35

Therefore,

Total cost price of the article =1215+35=Rs.1250

Now according to the question-

x=1250+16% of 1250

x=1250+

100

16

×1250

⇒x=1250+200=1450

Hence to gain 16%, he should sell the article for Rs.1450.

Answer 2

Explanation:

CP ( cost price ) of the article = Rs.2250

Money spent on transportation = Rs.75

Total CP (Cost Price) = CP + Transportation

= 2250 + 75 = Rs.2325

SP ( Selling Price ) of the article = Rs.2275

Gain = CP - SP = 2275 - 2250 = Rs.25

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