Question

A marker bought for Rs 50 was sale at profit of 5% . find the selling price.

Answer 1

Answer:

The selling price of the marker is Rs. 52.50.

Step-by-step explanation:

The cost price of the marker is, CP = Rs. 50.

The profit earned is, Profit% = 5%.

Compute the selling price, SP as follows:

$SP=CP[1+\frac{Profit}{100}]\\=50\times[1+\frac{5}{100}]\\=50\times\frac{105}{100}\\=52.5$

Thus, the selling price of the marker is Rs. 52.50.

Answer 2

CP = ₹50

Profit = 5% = (5/100)×50 = 5/2

SP = ₹50 + ₹5/2

SP = ₹52.5