Question

an article was bought for Rs.400 and sold at a gain of 20%.find the selling price of the article​

Answer 1

Answer:

The selling price of the article is Rs. 240.

Step-by-step explanation:

Given :

Article was bought for = Rs. 400

Sold at the gain of = Rs. 20%

To find :

Its selling price

Solution :

Here ;

• Cost Price = Rs. 400
• Gain = 20%
• Selling Price = ??

The Selling Price will be more than its Cost Price as there was a gain occured.

$\green{\boxed{\green{\boxed{\red{\sf{{\sf\:{SP = \frac{(100 + profit\%)} {100} \times CP}}}}}}}}$

$\sf{\implies} \: {\sf\:{SP = \frac{(100 + profit\%)} {100} \times CP}} \\ \\ \sf{\implies}\: SP = \frac{100 + 20}{100} \times 200 \\ \\ \sf{\implies}\: SP = \frac{120}{1\cancel{00}} \times 2\cancel{00} \\ \\ \sf{\implies}\: SP = 120 \times 2 \\ \\ \sf{\implies}\: SP = 240$

$\therefore$ The selling price of the article is Rs. 240.

Answer 2

Answer:

The Selling Price is Rs. 240.

Step-by-step explanation:

Gívєn -

Article was bought for = Rs. 400

Gain = 20%

Tσ fínd -

Its Selling Price

Sσlutíσn -

Cost Price = 400

Gain = 20%

Selling Price = ??

We know that -

Selling Price = $\tt{\dfrac{100+Profit\%}{100}}$ × Cost Price

➠ Selling Price = $\tt{\dfrac{100+20\%}{100}}$ × 200

➠ Selling Price = $\tt{\dfrac{120}{100}}$ × 200

➠ Selling Price = 1.2 × 200

➠ Selling Price = 240

$\therefore$ The Selling Price is Rs. 240.