Question

The selling price of goods which cost Rs.$10$ and were sold at a gain of $10$% is:

• A. Rs. $12$
• B. Rs. $10$
• C. Rs. $11$
• D. Rs. $15$

Answer 1

The correct option is C Rs. $11$

$\Rightarrow$ Cost price pf goods is Rs.$10$

$\Rightarrow$ Profit = $10\%$of Rs.$10=$Rs. $1$

$\Rightarrow$ Selling price of goods $=$ Cost price +profit

$\Rightarrow$ Selling price of good $=$Rs. $10+$Rs. $1=$Rs. $11$