Question
Download Solution PDFQamar gained 12.5% on the resale of a used stereo. If he purchased the item for Rs. 1680, how much did he sell it for?
Answer (Detailed Solution Below)
Detailed Solution
Download Solution PDFGiven:
Qamar gained 12.5% on the resale of a used stereo.
He purchased the item for Rs. 1680.
Concept used:
Selling Price = Cost Price × (1 + Gain%)
Calculation:
Selling price of the stereo = 1680 × (1 + 12.5%) = Rs. 1,890
∴ He sold it for Rs. 1890.
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