1) An article bought for Rs 350 is sold at a profit of 20%. Find its selling price.
Answers
Answered by
2
Answer:
Rs420
STEP BY STEP EXPLANATION:
Cost of Article= Rs350
Selling Price at Profit=
(Cost Price + Profit%×Cost price)
So, SELLING PRICE:
=350+(20/100×350)
=350+(1/5×350)
=350+(350/5)
=350+70
=420
Answered by
5
Profit=20%
=>S.P=120%of C.P
i.e., selling price =120/100×350
=rs 420
Alternative method:-
C.P=RS 350
and profit =20% of RS 350
=20/100×350
=rs 70
Selling price= Cost price + Profit
= RS (350 + 70).
=RS 420
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