Question

Find the S.P when : C.P= ₹ 200, GAIN= 2 1/2
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Answer 1

As per the data given in the question,

We have to determine the value of SP.

As per question,

It is given that,

CP = Rs 200

Gain = $2\frac{1}{2}\%$

As we know that,

Profit and loss are always calculated on CP i.e. cost or buying price of the article.

We have formula for finding the selling price,

We have,

$SP = \frac{100+\%Profit}{100} \times CP$

So, putting the values given in the question in above equation,

We will get,

$SP = \frac{100 + 2\frac{1}{2}}{100}\times 200\\=>SP = \frac{102.5}{100}\times 200\\=>SP = 102.5\times 2\\=>SP = Rs\:205$

Hence, selling price of the article will be Rs. 205.

Answer 2

Answer:

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