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.

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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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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.

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.

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.

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.