Article Is Bought For Rs 1200 And Rs 100 Is Spent On Its Transportation Etc

An article is bought for Rs. 1,200 and Rs. 100 is spent on its transportation, etc. Find : (i) the … price of it in order to gain 20%…

Answers:

C.P.  of an article = Rs. 1200

Amount spent on transportation = Rs 100

(i) Total C.P.  of that article = Rs.1200 + 100

= Rs 1300

(ii) Gain = 20%, S.P. = {C.P. × (100 + Gain%)}/100

= {1300 ×(100 + 20)}/100

= (1300 × 120)100

= Rs.1560