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Question 73

In questions 60 to 79, state whether the statements are True or False.
If a chair is bought for ₹ 2000 and is sold at a gain of 10 %, then selling price of the chair is ₹ 2010.


Solution

False

Given, C.P. = 2000 and profit % = 10 %
Hence, the profit earned = 10% of   2000 =  200
We know that, S.P = C.P + Profit
Hence, the S.P =  ( 2000 + 200 ) =  2200

Hence, the given statement is false.

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