Question

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%?​

Answer 1

Step-by-step explanation:

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.