2. Cost of an item is 750. It was sold with a profit of 12%. Find the selling price.
Answers
Answer:
Formula to calculate cost price if selling price and profit percentage are given: CP = ( SP * 100 ) / ( 100 + percentage profit). Formula to calculate cost price if selling price and loss percentage are given: CP = ( SP * 100 ) / ( 100 – percentage loss ).
Answer:
Selling price is 840 ₹
Step-by-step explanation:
selling price = (100 + profit%)cost price/100
=(100 + 12%)750/100
=(112)750/100
=112×750/100
= ₹840
If you want to calculate SP I am giving you some formulas
1. selling price = cost price + profit
2. selling price = cost price + profit%/100 × cost price
3. selling price = 100 × cost price + profit% × cost price/100
4. selling price = (100 + profit%)cost price/100; [Here, cost price and profit% are known.]
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