Home
Class 7
MATHS
Find the SP of an article for which CP=₹...

Find the SP of an article for which CP=₹650 and gain%=6%.

Text Solution

AI Generated Solution

The correct Answer is:
To find the Selling Price (SP) of an article when the Cost Price (CP) and Gain Percentage are given, we can follow these steps: ### Step-by-Step Solution: 1. **Identify the given values:** - Cost Price (CP) = ₹650 - Gain Percentage = 6% 2. **Use the formula for Selling Price (SP):** \[ SP = \left( \frac{100 + \text{Gain Percentage}}{100} \right) \times CP \] 3. **Substitute the values into the formula:** \[ SP = \left( \frac{100 + 6}{100} \right) \times 650 \] 4. **Calculate the numerator:** \[ 100 + 6 = 106 \] So, the formula now looks like: \[ SP = \left( \frac{106}{100} \right) \times 650 \] 5. **Convert the fraction to a decimal:** \[ \frac{106}{100} = 1.06 \] Therefore, the formula simplifies to: \[ SP = 1.06 \times 650 \] 6. **Perform the multiplication:** \[ SP = 1.06 \times 650 = 689 \] 7. **Final answer:** \[ SP = ₹689 \]
Promotional Banner

Topper's Solved these Questions

  • PROFIT AND LOSS

    RS AGGARWAL|Exercise EXERCISE 11A|22 Videos
  • PROFIT AND LOSS

    RS AGGARWAL|Exercise EXERCISE 11B|12 Videos
  • PROBABILITY

    RS AGGARWAL|Exercise EXERCISE|4 Videos
  • PROPERTIES OF PARALLEL LINE

    RS AGGARWAL|Exercise EXERCISE 14|15 Videos

Similar Questions

Explore conceptually related problems

A sold an article for ₹ 420 at a gain of 5% and B sold an article for ₹ 477 at a gain of 6%. Who got more profit and by how much ?

The MP of an article is 30% higher than its CP and 20% discount is allowed on this article, then the profit percentage

The MP of an article is 30% higher than its CP and 20% discount is allowed on this article then the profit percentage:

Find n. 5. A person sells an article for 550, gaining 1/10 of its C.P. If gain% is 10^n . Find n.

Find the gain or loss per cent when : (i) CP=Rs. 620 and SP = Rs. 713 (ii) CP=Rs.675 and SP = Rs. 630 (iii) CP=Rs.345 and SP = Rs.372.60 : (iv) CP= Rs.80 and SP = 76.80

Find the SP when: ( i ) CP=Rs.950, gain =6%