Question

If CP = ₹950 and gain 6%, then SP =

(a) ₹1100
(b) ₹1117
(c) ₹1107
(d) ₹1170

Disclaimer: There is a misprint in the options. Option (c) must be equal to ₹1007.

Answer 1

Let the SP be x.

CP = ₹950
Gain = 6%

Therfore, SP is more than CP.

Now,
$$\begin{gathered} \mathrm{Gain}=6\%\mathrm{of}\mathrm{CP} \\ =\frac{6}{100}\times 950 \\ =3\times 19 \\ =57 \end{gathered}$$

Thus, SP = CP + gain
= ₹950 + ₹57
= ₹1007

Hence, the correct option is (c).