Mr. X Bought An Article For Rs. 1215 And Spent Rs. 35 On Its Transpor

1.	Mr. X Bought An Article For Rs. 1215 And Spent Rs. 35 On Its Transportation. At What Price Should He Sell The Article To Have A Gain Of 16%?
Answer» EFFECTIVE cost PRICE = Rs. 1215 + Rs. 35 = 1250 He needs 16% profit on the cost price. Profit = (16/100) x 1250 = 200 S.P = C.P + GAIN = 1250 + 200 = 1450. Effective cost price = Rs. 1215 + Rs. 35 = 1250 He needs 16% profit on the cost price. Profit = (16/100) x 1250 = 200 S.P = C.P + Gain = 1250 + 200 = 1450.

Mr. X Bought An Article For Rs. 1215 And Spent Rs. 35 On Its Transportation. At What Price Should He Sell The Article To Have A Gain Of 16%?

Answer»

EFFECTIVE cost PRICE = Rs. 1215 + Rs. 35 = 1250

He needs 16% profit on the cost price. Profit = (16/100) x 1250 = 200

S.P = C.P + GAIN = 1250 + 200 = 1450.

Effective cost price = Rs. 1215 + Rs. 35 = 1250

He needs 16% profit on the cost price. Profit = (16/100) x 1250 = 200

S.P = C.P + Gain = 1250 + 200 = 1450.