Multiple choice

The selling price of goods which cost Rs.$10$ and were sold at a gain of $10$% is:

  1. Rs. $12$
  2. Rs. $10$
  3. Rs. $11$
  4. Rs. $15$
Reveal answer Fill a bubble to check yourself
C Correct answer
Explanation

The cost price is Rs. 10 and the gain is 10%. The gain amount is 10% of 10 = 1. The selling price is cost price + gain = 10 + 1 = 11.

AI explanation

Using the selling price formula when a profit is earned, Selling Price = Cost Price * (100 + Gain%) / 100. Substituting the given values results in 10 * (100 + 10) / 100, which simplifies to 10 * 1.1 to give a selling price of Rs. 11.

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