Question 55

Qamar gained 16% on the resale of a used stereo. If he purchased the item for ₹ 1,500, how much did he sell it for?

Solution

given CP=1500

$$SP = [\frac{(100 + Gain\%) }{ 100}] \times CP$$

$$SP = [\frac{(100 + 16) }{ 100}] \times 1500$$

$$SP = {(116) } \times 15$$

$$SP = 1740$$

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