Question

Peter bought an article for ₹1215 and spend ₹35 on its transportation. At what price should he sell the article to gain 16%?

Answer 1

Solution. The effective cost price of the article is equal to the price at which it was bought plus the transportation charge.

C.P. of the given article = Rs (1215 + 35) = Rs 1250
Gain percent = 16%

Gain = 16% of cost price = Rs (16×1250)/100= Rs 200

S.P. = C.P. + Gain = Rs 1250 + Rs 200 = Rs 1450

Answer 2

Answer:

1450rs

Step-by-step explanation:

Cp= 1215rs

Overhead= 35rs

Gain= 16%

Sp= ?

Cp= 1215 + 35 = 1250rs

Gain= 16%

Sp = ?

Sp= cp + gain*cp

Sp=1250+16/100*1250

Sp= 1250+ 8 ×25

Sp= 1250 + 200

Sp= 1450

Hope it will help you