If a chair is bought for Rs 2000 and is sold at a gain of 10%, then selling price of the chair is Rs 2010.

Question

State whether the statement are True or False.

If a chair is bought for Rs 2000 and is sold at a gain of 10%, then selling price of the chair is Rs 2010.

Answer 1

False

Given, CP = ₹2000 and profit % = 10%

We know that,

Hence, the SP of chair is ₹2200.