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CBSE Class 7 Answered

Find sp when cp= rs.950 gain = 6%  
Asked by varalakshmisekar0717 | 23 Sep, 2018, 02:24: PM
answered-by-expert Expert Answer
 
 
Profit% = Gain% = 6% and C.P = Rs. 950
 
 
begin mathsize 16px style Gain percent sign space equals space fraction numerator Gain space over denominator Cost space Price space end fraction cross times space 100
rightwards double arrow space fraction numerator 6 space cross times space 950 space over denominator 100 end fraction space equals space Gain space
rightwards double arrow Gain space equals space Profit space equals space 57
end style
 
 
Profit = Selling Price - Cost Price
 
57 = Selling Price - 950
 
Selling Price = 950 + 57
 
Therefore Selling Price  = 1007
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