Question
Find the SP when:
C.P. = Rs. 950, gain = 6%
C.P. = Rs. 950, gain = 6%
✓
Answer
C.P. = Rs. 950
Gain% = 6%
$\therefore\text{S.P.}=\frac{\text{C.P}\times(100+\text{gain%})}{100}$
$=\frac{950(100+6)}{100}$
$=\frac{950\times106}{100}$
$=\text{Rs. }1007$
Gain% = 6%
$\therefore\text{S.P.}=\frac{\text{C.P}\times(100+\text{gain%})}{100}$
$=\frac{950(100+6)}{100}$
$=\frac{950\times106}{100}$
$=\text{Rs. }1007$
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