Question

An iron was bought for $₹1850$ and sold at a gain of $8\%$. Find for how much did the person sell the iron.

Answer 1

Given that

$$\begin{gathered} CPofiron=₹1850 \\ Gain\%=8\% \\ SP=? \\ SP=\frac{100+gain\%}{100}\times CP \\ SP=\frac{100+8}{100}\times 1850 \\ SP=10.8\times 185 \\ SP=₹1998 \end{gathered}$$

Hence, the SP of iron is $₹1998$.