Question

13. A person buys an article for Rs.650 and gains 5% on selling it. Find the selling price ​

Answer 1

Answer:

The selling price of an article is Rs. $682.50$.

Step-by-step explanation:

Given : Cost price of article = Rs. $650$

          Profit on selling an article = $5$%

To find : Selling price = ?

Solution :

• It is given that the cost price of article = Rs. $650$

          Profit on selling an article = $5$%

• We have to find the selling price of an article.
• Here, profit is made by selling an article. so we have to add profit and cost price to get the selling price.
• To find the selling price, we have to calculate profit i.e. $5$% of cost price and then have to add the profit with cost price.
• So,

      Profit =  $5$% of cost price

              = $\frac{5}{100} *650$

              = $\frac{3250}{100}$

              = Rs. $32.50$

• Now,

      Selling price = Cost price + Profit

                         = $650+32.50$

                         = Rs. $682.50$    

• ∴ The selling price of an article is Rs. $682.50$.

Answer 2

Given data in the question are

Cost price of article is Rs. $650$

Profit on selling price is Rs $5$ %

We have to find selling price of article, formula of selling price is

Selling price=$\frac{100+profit percentage}{100}$ $\times 650$

Selling price=$\frac{100+5}{100} \times 650$

adding $100$ with $5$ it get $105$ we get,

selling price=$\frac{105}{100} \times 650$

Selling price= Rs. $682.5$

Therefore, selling price is equal to Rs. $682.5$