0.5 kg of tea was purchased at Rs 80 per kg.if it was sold at a gain of 10%.find its selling price
1.1 * 80 = 88
Selling price=CostPrice+Gain
To find the selling price, we first need to calculate the cost price and then add the gain.
Step 1: Calculate the cost price
The cost price is given by:
Cost price = weight * rate
where weight is given as 0.5 kg and rate is given as Rs 80 per kg.
Cost price = 0.5 kg * Rs 80/kg
Cost price = Rs 40
Step 2: Calculate the gain
The gain is given as 10% of the cost price.
Gain = (10/100) * Cost price
Gain = (10/100) * Rs 40
Gain = Rs 4
Step 3: Calculate the selling price
The selling price is obtained by adding the gain to the cost price.
Selling price = Cost price + Gain
Selling price = Rs 40 + Rs 4
Selling price = Rs 44
Therefore, the selling price of 0.5 kg of tea, with a gain of 10%, is Rs 44.
To find the selling price, we need to first calculate the cost price and then add the gain.
1. Calculate the Cost Price (CP):
The cost of 0.5 kg of tea is given as Rs 80 per kg. So, the cost price of 0.5 kg of tea can be calculated as follows:
CP = Cost per kg × Quantity
= Rs 80/kg × 0.5 kg
= Rs 40
Therefore, the Cost Price (CP) is Rs 40.
2. Calculate the Gain:
The gain is given as 10% of the Cost Price. To find the gain, we can calculate 10% of Rs 40 as follows:
Gain = (10/100) × CP
= (10/100) × Rs 40
= Rs 4
Therefore, the gain is Rs 4.
3. Calculate the Selling Price (SP):
To find the selling price, we add the cost price and the gain:
SP = CP + Gain
= Rs 40 + Rs 4
= Rs 44
Therefore, the Selling Price (SP) of the tea is Rs 44.