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Question

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

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Solution

Given:
Cost Price CP=Rs.950
Gain %= Profit %=6%

Consider the formula of Selling Price, SP.
SP=CP+CP×6100
=950+(950×6100)
=950+57
SP= Rs. 1007

Hence, the required SP is Rs. 1007.

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