table costing rupees 4950 is bought and transported to shop spending rupees 50 find the selling price if shopkeeper wants to gain 12%
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Given:-
Shopkeeper buys 5 fans for: Rs 4050
Transportation cost : Rs 50
∴ Cost price =Rs 4050+Rs 60
=Rs 4100
Gain (%)=15%
∴ Formula:- gain (%)=
cost price
100×[selling price(S.P)–cost price(S.P)]
15=
4100
100×[S.P−4100]
S.P=41×15+4100
S.P=615+4100
S.P=Rs 4715
Ans. Selling price of 5 fans =Rs 4715
Thus selling price of 1 fan =
5
Rs 4715
=Rs 943/−
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