Find the selling price, if:
(i) C.P. = Rs. 500 and gain = 25%
(ii) C.P. = Rs. 60 and loss = 12 1/2%
(iii) C.P. = Rs. 150 and loss = 20%
(iv) C.P. = Rs. 80 and gain = 2.5%
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Answer:
(I) 25% gain on 500 = 500×25/100 = 125
SP = 500+125 = 625
(ii) 12 1/2 % loss on 60 = 60 × 12 1/2/100
= 60×25/200 = 7.50
SP = 60 - 7.50 = 52.50
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