Answer:
a) = 1007
b) =403.75
Step-by-step explanation:
Selling price is the amount at which an article or product is sold. It is represented by SP. The formula of S.P. can be given in terms of Profit or Loss as- 1. If S.P. is greater than C.P. which is the cost price of the item then a profit is gained by the shopkeeper.
a)
[tex]cp = 950 \: gain \: = 6\% \\ 950 \times \frac{6}{100} \\ \frac{950}{1} \times \frac{6}{100} \\ \frac{5,700}{100} \\ = 57 \\ add \: 57 \: to \: the \: original \: price \\ = 950 + 57 \\ = 1,007[/tex]
b)
[tex]cp \: = 380 \: gain \: = 6 \frac{1}{4} \\ cp = 380 \: gain \: = 6.25 \\ 380 \times \frac{6.25}{100} \\ \frac{380}{1} \times \frac{6.25}{100} \\ \frac{2,375}{100} \\ = 23.75 \\ add \: 23.75 \: to \: 380 \\ = 23.75 + 380 \\ = 403.75[/tex]
