Question

cp when sp=297.50 gain=16%

Answer 1

Answer : $\bold{Selling \: Price \: = \: Rs \: 256.46}$


Explanation -

Given :

Selling Price = 297.50

Gain = 16 %


Finding the Cost Price -


$cost \: price \: = \dfrac{100}{100 + gain} \times sp$


$= \dfrac{100}{100 + 16} \times 297.5$


$= \dfrac{100}{116} \times 297.5$


$= 256.46$


Hence :

Selling Price = Rs 256.46