A man purchases a machine for ₹2,450 and sells it at a gain of 10%. What is the selling price of the machine?
Given:
Cost price of the machine = ₹2,450
Gain percentage = 10%
Formula Used:
Selling Price = Cost Price
Solution:
Selling Price =245
Selling Price = 2450
Selling Price = ₹2,695
The selling price of the machine is ₹2,695.
Alternate Method:
10% =
CP : SP
10 : 11
Selling Price = 2695
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