Discussion

Q.

Pawan bought a cycle at ₹ 7000. For how much should he sell it to gain 15%.

A. ₹ 7750

B. ₹ 8050

C. ₹ 8550

D. ₹ 8005

Correct Option is B

Explanation:

 

Profit amount = 7000 ×  15/100 = 1050

  SP = 7000 + 1050 = ₹8050

Or  

  CP = 100 %  SP = 115 %

  SP = 7000 ×  115/100 =₹ 8050

or

  SP = 7000 × 1.15 = ₹ 8050

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