Advertisements
Advertisements
Question
If a chair is bought for ₹ 2000 and is sold at a gain of 10%, then selling price of the chair is ₹ 2010.
Options
True
False
Advertisements
Solution
This statement is False.
Explanation:
Given, C.P. = ₹ 2000 and profit % = 10%
We know that,
Profit % = `"Profit"/"C.P." xx 100%`
⇒ Profit % = `("S.P." - "C.P.")/"C.P." xx 100%` ...[∵ Profit = S.P. – C.P.]
⇒ `10 = ("S.P." - 2000)/2000 xx 100%`
⇒ `(10 xx 2000)/100` = S.P. – 2000
⇒ 200 = S.P. – 2000
∴ S.P. = ₹ 2200
Hence, the S.P. of chair is ₹ 2200.
APPEARS IN
RELATED QUESTIONS
A student buys a pen for Rs 90 and sells it for Rs 100. Find his gain and gain percent.
A boy buys 9 apples for Rs 9.60 and sells them at 11 for Rs 12. Find his gain or loss percent.
If the selling price of 10 pens is equal to cost price of 14 pens, find the gain percent.
A shopkeeper marks his goods in such a way that after allowing a discount of 25% on the marked price, he still makes a profit of 50%. Find the ratio of the C.P. to the M.P.
By selling a pair of earings at a discount of 25% on the marked price, a jeweller makes a profit of 16%. If the profit is Rs 48, what is the cost price? What is the marked price and the price at which the pair was eventually bought?
Meenu bought two fans for ₹ 1200 each. She sold one at a loss of 5% and the other at a profit of 10%. Find the selling price of each. Also, find out the total profit or loss.
Find the total bill amount for the data given below:
| Name of the item | Marked Price | Discount | GST |
| School bag | ₹ 500 | 5% | 12% |
Sugan bought a Jeans pant for ₹ 750. It did not fit him. He sold it to his friend for ₹ 710. Find the profit or loss to sugan
If Guna marks his product to be sold for ₹ 325 and gives a discount of ₹ 30, then find the S.P.
Achal bought a second-hand car for Rs 2,25,000 and spend Rs 25,000 for repairing. If he sold it for Rs 3,25,000, what is his profit per cent?
