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Q.


What will be the SP when CP=Rs 950, Gain=6 %?

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a

Rs 1024

b

Rs 1007

c

Rs 1050

d

Rs 1080  

answer is B.

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Detailed Solution

Given that,
CP = Rs 950
Gain = 6 %
We have the following formula:
Gain=S.P-C.P.
Where S.P = selling price, C.P = cost price.
Gain%= S.P−C.P C.P ×100  
Loss=C.P-S.P
Loss%= C.P−S.P C.P ×100  
Let the S.P be x.
C.P is ₹950 and gain is 6%.
The S.P is,
⇒6= x−950 950 ×100 ⇒x= 950×6 100 +950 ⇒x=57+950 ⇒x=1007   The S.P is Rs 1007.
Therefore, the correct option is 2.
 
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What will be the SP when CP=Rs 950, Gain=6 %?