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Question
An article is bought for Rs. 1,200 and Rs. 100 is spent on its transportation, etc. Find:
(i) the total C.P. of the article.
(ii) the selling price of it in order to gain 20% on the whole.
Solution
C.P. of an article = Rs. 1200
Amount spent on transportation = Rs. 100
(i) Total C.P. of that article = Rs. 1200 + 100
= Rs. 1300
(ii) Gain = 20%, S.P. = `("C.P." xx (100 + "gain%"))/100`
`= (1300 xx (100 + 20))/100`
`= (1300 xx 120)/100` = Rs. 1560
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