A toy is bought ₹75 and sold at a gain of 16%. Find its selling price (in ₹).
Answer & explanation
Correct answer: option 2
16% = \(\frac{16}{100}\)
= \(\frac{4}{25}\)
25R = 75
1R = 3
Gain = 4R = 4 × 3 = 12
Now, Selling price = ( 25 + 4 )R = 29R
= 29 × 3
= 87
The correct answer is option (2) : 87