Question

A bag was sold for Rs.275 at a profit of 10%. What should be selling price for getting a profit of 18%​

Answer 1

Answer:

Step-by-step explanation:

Selling Price: The price at which an article is sold is called its selling price. (S.P.)

Profit: When an article is sold for more than what it costs, we say that there is a ‘profit’ or gain.

Loss: When an article is sold for less than what it costs , we say that there is a ‘loss’.

When the selling price is equal to the cost price, then there is neither profit nor loss.

We recall a few important facts below:

Profit = Selling Price – Cost Price

Loss = Cost Price – Selling Price

Cost Price = Selling Price – Profit or, Selling Price + Loss

Selling Price = Cost Price + Profit or, Cost Price – Loss