peter bought an article for RS 1215 and spent Rs35 on its transportation at what price should he sell the article to gain 16%
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Total cost :
Purchased price = Rs 1215
Transportation = Rs 35
Total cost = 1215 + 35 = Rs 1250
Find the gain:
16% profit = 16% x Rs 1250 = 0.16 x 1250 = Rs 200
Find the selling price:
Profit = Rs 200
Cost price = Rs 1250
Selling Price = 1250 + 200 = Rs 1450
Answer: The selling price is Rs 1450
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