Question

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

Answer 1

∴ Peter bought an article for 1215 and spent 35 on transportation

⇒ Total cost price = 1215 + 35

                              = 1250.

⇒ Given, Gain = 16%.

⇒ We know that Selling price = [(100 + Gain%)/100] * CP

                                                 = [(100 + 16)/100] * 1250

                                                 = [116/100] * 1250

                                                 = 145000/100

                                                 = 1450.

Therefore, he should sell the article for 1450 rupees.

Hope it helps!

Answer 2

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