Peter purchased a cow for 2,250. If he wants to gain 25%, what should his selling price be?
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Answer:
His selling price must be Rs. 2,812.5 if he wants to gain 25%.
Step-by-step explanation:
Here, CP = Rs. 2,250
Profit% = 25%
So, SP = CP + 25%CP
= (125/100) × CP
= 1.25 × CP
= 1.25 × 2,259
= Rs. 2,812.5
Therefore, his selling price must be Rs. 2,812.5 if he wants to gain 25%.
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