Bijit purchased an article for ₹800 and sold the article such that the gain is the 20% of its selling price. The selling price of the article is: || ADRE 1.0 (SLRC 2022) Paper-I Solved Questions

QUESTION:

Bijit purchased an article for ₹800 and sold the article such that the gain is the 20% of its selling price. The selling price of the article is: 
(A) ₹1300 
(B) ₹1200 
(C) ₹1100 
(D) ₹1000

SOLUTION:



Comments

  1. Selling Price
    =
    Cost Price
    +
    Gain


    First, calculate the gain:

    Gain
    =
    Cost Price
    ×
    Gain Percentage

    Given:
    - Cost Price = Rs 800
    - Gain Percentage = 20% = 0.20

    Now, calculate the gain:

    Gain
    =
    800
    ×
    0.20
    =
    160

    Next, calculate the selling price:

    Selling Price
    =
    800
    +
    160
    =
    960

    ReplyDelete
    Replies
    1. Read the question again. (…gain is the 20% of its selling price.)

      Delete

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