Find the S.P when : C.P= ₹ 200, GAIN= 2 1/2
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As per the data given in the question,
We have to determine the value of SP.
As per question,
It is given that,
CP = Rs 200
Gain = [tex]2\frac{1}{2}\%[/tex]
As we know that,
Profit and loss are always calculated on CP i.e. cost or buying price of the article.
We have formula for finding the selling price,
We have,
[tex]SP = \frac{100+\%Profit}{100} \times CP[/tex]
So, putting the values given in the question in above equation,
We will get,
[tex]SP = \frac{100 + 2\frac{1}{2}}{100}\times 200\\=>SP = \frac{102.5}{100}\times 200\\=>SP = 102.5\times 2\\=>SP = Rs\:205[/tex]
Hence, selling price of the article will be Rs. 205.
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