Question

Find the SP when CP = RS 9600 and Gain = (16 Whole 2/3)%. make it by the formula SP ={(100 + gain%)/100}×CP

Answer 1

SP=CP*(1+r/100)
SP=9600*(1+50/3/100)
SP=9600*(1+1/6)
SP=9600*7/6
SP=11,200