Cost price =Rs 480 and Gain%=12½%. FIND THE SP AND GAIN.
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cost price or cp = ₹480
gain = 12.5 %
so,
gain% = (gain /cp×100)
12.5% = (gain/480×100)
12.5% = (gain/ 48×10)
gain = (12.5×48)/10
gain =₹60
Sp = gain + cp
sp = ₹(60+480)
sp= ₹540
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