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