Peter bought an article for ₹1215 and spend ₹35 on its transportation. At what price should he sell the article to gain 16%?
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Answer:
HE SHOULD SELL THE ARTICLE AT RS.1450
Step-by-step explanation:
CP=1215+35
cp=1250 rs
gain%=sp-cp/cp*100
16=sp-1250/1250*100
16*125=(sp-1250)10
2000=10sp-12500
12500+2000=10 sp
14500=10 sp
14500/10= sp
1450=SP
SP=1450
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