Question

A man purchases an item for Rs. 200 and sells it at a profit of 20%. Find the selling price of the item. A. Rs. 240 B. Rs. 220 C. Rs. 230 D. Rs. 250

Answer 1

$\huge\mathtt\pink{\underline{\underline{Answer}}}$

$\red{Given}$$\pink{\longrightarrow}$

CP of the item = Rs 200

Profit percent= 20%

$\orange{ To Find }$$\orange{\longrightarrow}$

Selling price of the item.

$\purple{ Solution}$$\purple{\longrightarrow}$

$profit \: \% = \frac{profit}{cp} \times 100$

$20 \: \: \% = \frac{profit}{200} \times 100$

$profit = \frac{20 \times 200}{100}$

$profit = 40 \: rs$

SP = CP+Profit

SP = 200+40

SP =240 Rs

Selling price of the item is ₹240.

Answer 2

The answer is A. Rs. 240.

Given: Cost price of an item = ₹200

            Profit percentage = 20%

To Find: The selling price of the item.

Solution:

We know,

Profit percentage = $\frac{Profit}{Cost price} \times 100$

⇒ 20 = $\frac{profit}{200} \times 100$

⇒ 20= $\frac{profit}{2}$

⇒ Profit = 20 × 2

             = ₹40

∴ Selling Price = Cost price + Profit

                         = ₹ (200 + 40)

                         = ₹ 240

Answer: The selling price is ₹ 240.

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