Question

An article is bought for 1, 960
and I 75 is spent on its transportation
At what price must It be sold in
order to gain £350.​

Answer 1

Answer:

= £ 2485

Explanation:

CP = £ (1960 + 175) = £ 2135

Gain/profit = £ 350

So,

SP = CP + gain

= £ (2135 + 350)

= £ 2485

Therefore, the article must have sold in £ 2485.