Ronald buys a geyser for. 3680 and sells it at a gain of 7¹/₂%. for how much does he sell it?
Answers
Answered by
9
Rs. 3956
Given:
Cost Price of a Geyser = Rs. 3680
Gain % = 7 1/2 %
Converting the mixed fraction:
= 7 x 2 + 1 / 2
= 15 / 2 %
To Find:
Selling Price of the Geyser.
Calculating:
Formula used to calculate the selling price:
(100 + gain %)/100 × Cost Price
Substituting all the values known to us in this formula we get:
= (100 + 15/2) /100 x 3680
= 200 + 15 / 2 / 100 x 3680
= 200 + 15 / 200 x 3680
= 215 / 200 x 3680
= Rs 3956
Therefore, the selling price of the Geyser is Rupees 3956.
Ronald sells the geyser for Rs. 3956.
Similar questions