Question

A man buys a stove from a manufactuer for 860 calculate the selling price if he makes a profit os 15%

Answer 1

Given :-

CP = 860

Profit percentage = 15%

To Find :-

The selling price

Solution :-

Total Profit = 15% of 860

$=\: {\dfrac{15}{100}}\: \times\: 860$

= 129

SP = CP + Profit

= 860 + 129

= 989

Therefore, selling price is 989

Short-hands Used :-

• CP → Cost Price
• SP → Selling Price
• P → Profit
• L → Loss

Extra Information :-

1. Cost price - It is the price at which an article is bought.
2. Selling price - It is the price at which an article is sold.
3. Profit - It is the total money gained by selling the article at more price than CP.
4. Loss - It is the total money losed by selling the article at less price than CP.

Answer 2

Answer:

Given :-

A SHOPKEEPR BUYS A STOVE FROM A MANUFACTURE FOR $100 CALCULATE

To Find :-

THE SELLING PRICE IF HE MAKES A PROFIT OF 15% B) THE SELLING PRICE IF HE MAKES A LOSS OF 15%

Solution :-

We know that

SP = (100 + Profit%/100) × CP

SP = (100 + 15/100) × 100

SP = 115/100 × 100

SP = $115

Now,

SP = (100 - Loss%/100) × CP

SP = (100 - 15/100) × 100

SP = 85/100 × 100

SP = $85