goods costing ₹540 are sold at a gain of 10% . Find the SP
540 * 1.10
Etty
To find the selling price (SP), we need to first calculate the gain.
The gain is given as 10% of the cost price (CP). Mathematically, it can be calculated as:
Gain = 10% of CP
Now we can find the CP by subtracting the gain from the SP.
CP = SP - Gain
In this case, the cost of goods (CP) is ₹540 and the gain is 10% of CP. Let's solve the equation to find the selling price (SP).
Given:
CP = ₹540
Gain = 10% of CP
Calculating the gain:
Gain = (10/100) * CP
= (10/100) * 540
= ₹54
Now let's calculate the selling price:
SP = CP + Gain
= ₹540 + ₹54
= ₹594
The selling price (SP) of the goods is ₹594.