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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
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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.
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Fill up the appropriate boxes in the following table.
| SI. No | C.P. in ₹ |
M.P. in ₹ |
S.P. in ₹ |
Discount in ₹ |
Profit in ₹ |
Loss in ₹ |
| (i) | 110 | 130 | Nil | |||
| (ii) | 110 | 130 | 10 | |||
| (iii) | 110 | 130 | 30 | |||
| (iv) | 110 | 120 | Nil | 10 | ||
| (v) | 120 | 10 | 20 | Nil |
A man buys a chair for ₹ 1500. He wants to sell it at a profit of ₹ 250 after making a discount of ₹ 100. What is the M.P. of the chair?
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A bicycle is purchased for ₹ 1800 and is sold at a profit of 12%. Its selling price is ______.
John sells a bat for ₹ 75 and suffers a loss of ₹ 8. The cost price of the bat is ______.
