If cost price =Rs 950 and gain%=6%, then selling price ?

Question

Answer

Answer

1007

Answer

Answer

CP = 950,
GAIN= 6 %,
SP=6%OF 950 + 950,
SP= 57+950,
SP= 1007 {ANS}

Answer

CP= 950 Rs
P%= 6

SP= {(100+P%)÷100} × CP
= {106×950Rs} ÷ 100
= Rs 1007

Answer

Calculating Selling Price:

To calculate the selling price, we need to consider the cost price and the gain percentage. Let's break it down step by step:

Step 1: Identifying the Cost Price
The given cost price is Rs 950. This is the amount at which the product was originally purchased.

Step 2: Calculating the Gain Amount
The gain percentage is given as 6%. To calculate the gain amount, we use the formula:

Gain Amount = (Gain Percentage / 100) * Cost Price

Substituting the given values:
Gain Amount = (6 / 100) * 950
Gain Amount = 0.06 * 950
Gain Amount = Rs 57

Step 3: Calculating the Selling Price
The selling price is the sum of the cost price and the gain amount. Using the formula:

Selling Price = Cost Price + Gain Amount

Substituting the values:
Selling Price = 950 + 57
Selling Price = Rs 1007

Therefore, the selling price of the product is Rs 1007.

Summary:
- The cost price of the product is Rs 950.
- The gain percentage is 6%.
- The gain amount is calculated to be Rs 57.
- The selling price is obtained by adding the cost price and the gain amount, resulting in Rs 1007.

Note: It's important to remember that the gain percentage is always calculated based on the cost price, not the selling price. This allows us to determine the profit made from the sale.

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