find S.P. IF the cost price is 20 rupees and gain is 10 percent
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the answer that is the selling price is 22 rupees
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Given :–
- Cost price (C.P.) = Rs. 20
- Gain = 10%
To Find :–
- Selling price (S.P.).
Solution :–
S.P. = C.P. + Profit.
- C.P. = Rs. 20
- Gain = Profit = 10%
First, we need to find the value of profit in Rs.
So, we know that,
Profit (in Rs.) = C.P. ×
⟹
⟹
⟹
⟹ 2
- Profit (in Rs.) = 2
So,
Now, put the values in the formula of S.P.,
⟹ S.P. = Rs. 20 + Rs. 2
⟹ S.P. = Rs. 22
Hence,
The Selling price (S.P.) is Rs. 22
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