Man brought a tv Rs 6800 how much should be sold to gain 10%
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Solutions :-
We have,
Cost Price (C.P) = Rs 6800
Gain % = 10%
Now,
Find the gain on selling TV :-
Gain = Gain% of C.P
= 10% of Rs 6800
= 0.10 × Rs 6800
= Rs 680
Find the Selling price (S.P) :-
S.P = C.P + Profit
= Rs ( 6800 + 680)
= Rs 7480
Hence,
The Selling price of TV is Rs 7480
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We are provided with values required to find the exact answer, already.
Since the man has bought the TV for ₹ 6,800,
Cost Price of TV for the man( often abbreviated as CP ) = ₹ 6,800
Since,
The man has to make a profit of 10 %
Profit Percentage ( or Gain Percentage ) = 10 %
We already know that profit is incurred on the cost price so,
Profit = Gain % of Cost Price
Profit = 10 % of ₹ 6800
Profit = 0.1 of ₹ 6800
Profit ( or Gain )= ₹ 680
Now,
We also know that Selling Price ( often abbreviated as SP ) is the sum of the cost price and the gain.
Selling Price of the TV = Profit + Cost Price
SP = ₹ 680 + ₹ 6,800
SP = ₹ 7,480
Hence,
The TV must be sold at ₹ 7,480 to gain a profit of 10 %.
Since the man has bought the TV for ₹ 6,800,
Cost Price of TV for the man( often abbreviated as CP ) = ₹ 6,800
Since,
The man has to make a profit of 10 %
Profit Percentage ( or Gain Percentage ) = 10 %
We already know that profit is incurred on the cost price so,
Profit = Gain % of Cost Price
Profit = 10 % of ₹ 6800
Profit = 0.1 of ₹ 6800
Profit ( or Gain )= ₹ 680
Now,
We also know that Selling Price ( often abbreviated as SP ) is the sum of the cost price and the gain.
Selling Price of the TV = Profit + Cost Price
SP = ₹ 680 + ₹ 6,800
SP = ₹ 7,480
Hence,
The TV must be sold at ₹ 7,480 to gain a profit of 10 %.
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