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The Cost Price of an Article is Rs. 1,200 and Selling Price is Times of Its Cost Price. Find: - Mathematics

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Question

The cost price of an article is Rs. 1,200 and selling price is times of its cost price. Find:

(i) selling price of the article

(ii) profit or loss as a percent.

Sum
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Solution

Cost price (C.P.) = Rs. 1200

∴ S.P. =`5/4` of C.P.

`= 5/4 xx 1200` = Rs. 1500

∴ Gain = S.P. - C.P.

= Rs. 1500 - Rs. 1200 = Rs. 300

∴ Gain % =`("gain" xx 100)/"C.P."`

`= (300 xx 100)/1200 = 25%`

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Concept for Application to Profit and Loss (Single Transaction Only)
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Chapter 9: Profit, Loss and Discount - Exercise 9 (A)

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Selina Concise Mathematics [English] Class 7 ICSE
Chapter 9 Profit, Loss and Discount
Exercise 9 (A) | Q 9

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