Question

A businessman makes a 10% profit by selling a toy costing him Rs 120. What is the selling price?​

Answer 1

Answer:

CP=Rs.120

Profit%=10

We now that

SP=(100+profit%)/100×CP

=(100+10)/100×120

=(110/100)×120=1.1×120=Rs.132

Answer 2

CP=Rs.120
Profit%=10
We now that

SP=(100+profit%)/100×CP
=(100+10)/100×120
=(110/100)​×120=1.1​×120=Rs.132


Correct Answer is Rs.132