Question

An article is bought for $₹1,200$ and $₹100$ is spent on its transportation, etc. Find the selling price of it in order to gain $20\%$ on the whole.

Answer 1

It is given that

C.P of an article $=₹1200$

Amount spent on transportation $=₹100$

Total C.P of the article $=1200+100=₹1300$

$Gain=20\%$

$S.P=[C.P(100+gainpercent\left)\right]/100$

Substituting the values

$=\left[1300\right(100+20\left)\right]/100$

So we get

$=(1300\times 120)/100$

$=₹1560$