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Amit bought an article for 2250 and spent 75 on its transportation. he sold it for 2275.find his gain or loss.​

answers: 1
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Answer:

Let the selling price of the article be Rs.x.

Cost price of the article =Rs.1215

Money spent on transporting =Rs.35

Therefore,

Total cost price of the article =1215+35=Rs.1250

Now according to the question-

x=1250+16% of 1250

x=1250+

100

16

×1250

⇒x=1250+200=1450

Hence to gain 16%, he should sell the article for Rs.1450.

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Timothy Perry
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