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
Selling Price
ReplyDelete=
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
Read the question again. (…gain is the 20% of its selling price.)
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