Selina solutions

Selina solutions

Grade 7

Profit, Loss and Discount | Exercise 9(C)

Question 10

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Question 10

Q10) An article is bought for Rs. 1,200 and Rs. 100 is spent on its transportation, etc.

Find :

(i) the total C.P. of the article.

(ii) the selling price of it in order to gain 20% on the whole.

Solution:

CP of an article = Rs. 1200

Amount spent on transportation = Rs. 100

(i) Total CP of that article = 1200 + 100 = Rs. 1300

(ii) Gain = 20%, SP = \frac{CP(100+gain\%)}{100}

=\frac{1300(100+20)}{100}=\frac{1300\times120}{100}=Rs.1560

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