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Ali buys an oven for Rs. 36800 and sells it at a gain of 8.5%. For how much does he sell it?
  1. see the answer
Explanation

To find the selling price, we need to calculate the gain and add it to the cost price.

The formula for the selling price is:

Selling Price=Cost Price+Gain

The gain is calculated as:

Gain=Gain Percentage100×Cost Price

Given:

  • Cost Price = Rs. 36,800
  • Gain Percentage = 8.5%

Now, calculate the gain:

Gain=8.5100×36,800=0.085×36,800=3,128

Now, add the gain to the cost price:

Selling Price=36,800+3,128=39,928

So, Ali sells the oven for Rs. 39,928.

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