Question

If cp =rs 5000 and gain is =10%. then sp is =

Answer 1

Answer:

since we have given cost price =₹5000

and gain i.e. profit = 10%

we get a profit of 10% of Cost price ime.

10% of 5000 = 10/100 * 5000= 500

now we know,

profit = selling price - cost price

then,

500 = selling price - 5000

500 + 5000 = selling price (move 5000 to the left side of = and - sign changes to +)

5500 = selling price

Hence, the selling price is ₹5500