Ali buys an oven for Rs. 36800 and sells it at a gain of 8.5%. For how much does he sell it?
Answer: 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:
The gain is calculated as:
Given:
- Cost Price = Rs. 36,800
- Gain Percentage = 8.5%
Now, calculate the gain:
Now, add the gain to the cost price:
So, Ali sells the oven for Rs. 39,928.
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