Question

SP when CP = Rs. 40,000; gain = 40%

Answer 1

Answer:

Rs. 56,000

Step-by-step explanation:

CP = Rs. 40,000

Gain% = 40%

SP = CP + 40% of 40,000

⇒ 40000 + $\frac{40}{100}$ × 40000

⇒ 40000 + 16000

⇒ 56000

⇒ ∴ SP = Rs. 56,000

Answer 2

Answer:

∴ The selling price is Rs. $56000$.

Step-by-step explanation:

• In context with question asked,
• We have to find the selling price.
• It is given that, the cost price = Rs. $40000$

         Percentage gain = $40$%

• To find selling price, first find gain and then add this gain in cost price. This will be the selling price.
• So,

  Percentage gain = $40$% of cost price

                           = $\frac{40}{100} \times 40000$

                           = Rs. $16000$

• Now, The formula for selling price when gain happens is given by,

     Selling price = Cost price + Gain

                        = $40000+16000$

                        = Rs. $56000$

• ∴ The selling price is Rs. $56000$.