Question

A shopkeeper bought a perfume for Rs 1200. He sold it at a profit of 24%. Find his selling price.

Answer 1

Answer:

The selling price is 50 rs.

Step-by-step explanation:

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Answer 2

• Given

• Cost price = Rs. 1200
• Profit % = 24%

• To find

• Selling price

• Solution

Formula to find cost price when cost price and profit % is given -

$\implies\sf \green{selling \: price = \dfrac{100 + gain\%}{100} \times C.P}$

Substitute the given values.

$\implies\sf{\dfrac{100 + 24}{100} \times 1200}$

$\implies\sf{\dfrac{124}{100} \times 1200}$

$\implies\sf{Rs. 1,488}$

$\red{\bigstar}$ $\large{\boxed{\sf{\blue{Selling~price~= Rs. 1,488}}}}$

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• Know morE -

:⟹ Profit = Selling price - Cost price.

:⟹ Loss = Cost price - Selling price.

:⟹ Selling price = Cost price + Profit.

:⟹ Cost price = Selling price - Profit.

:⟹ Selling price = Cost price - loss

:⟹ Cost price = Selling price + loss

:⟹ Gain% = Gain/C.P × 100%

:⟹ Loss% = Loss/C.P × 100%