Question

A Man bought a camera for Rs.460 and sold it at 5% profit. Find the profit amount. Find the selling price of camera.

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Answer 1

Answer:

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Answer 2

Answer:

Step-by-step explanation:

Given,

• Cost Price = Rs. 460
• Profit Percentage = 5%

To Find,

• Profit Amount,
• Selling Price

Formula or method to be used,

• CP = SP × 100/100 + Profit %
• Profit Amount = (Profit %/100) × CP

Solution,

Let's assume the selling price of the camera be x.

Now, putting all the values for CP, we get

CP = SP × 100/100 + Profit %

⇒ 460 = x × 100/100 + 5

⇒ 460 = 100x/105

⇒ 460 × 105 = 100x

⇒ 48300 = 100x

⇒ 48300/100 = x

⇒ x = Rs. 483

Hence, the selling price of the camera is Rs. 483.

Now, the profit amount,

Profit Amount = (Profit %/100) × CP

⇒ Profit Amount = (5/100) × 460

⇒ Profit Amount = 0.05 × 460

⇒ Profit Amount = Rs. 23

Hence, the profit amount of the camera is Rs. 23.