Ashish bought an article for Rs.1215 and spent Rs.35 on its
transportation. At what price should he sell the article to
have a gain of 16%?
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Answer:
Ashish bought an article for Rs.1215 and spent Rs.35 on its transportation. At what price should he sell the article to have a gain of 16%?
Given :
- Bought the article for Rs . 1215
- Transportation cost = Rs . 35
To find :
- Price at he must sell to get 16% gain = ?
Explanation :
Total cost price = 1215 + 35
➡️ 1250
Selling price = 100+gain% / 100 × cost price
➡️ 100 + 16/100 × 1250
➡️ 116/100 × 1250
➡️ 116/10 × 125
➡️ 14500/10
➡️ 1450
- Therefore he must sell it for Rs . 1450 to get a gain of 16%
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