Question

a shopkeeper sold a thing at ₹ 440 and makes a profit of 10%. if he wants to makes profit of 20%, then the selling price of the a thing will be​

Answer 1

Given that

• A shopkeeper sold a thing at ₹ 440
• And Makes a Profit(P) of 10%

To find

• If he wants to make profit of 20% then the Selling price of the thing

Formula used

$\\\boxed{\sf \dfrac{SP}{100+P\%}=\dfrac{New \ SP}{100+p\%}}$

$\\\sf→ \dfrac{440}{100+10}=\dfrac{New \ SP}{100+20}$

$\\\sf→ \dfrac{440}{110}=\dfrac{New \ SP}{120}$

$\\\sf→New \ SP = \dfrac{440 \times 120}{110}$

$\\\sf→New \ SP = 4 \times 120$

$\\\sf→New \ SP = ₹480$

• If he wants to makes profit of 20%, then the Selling price of the a thing will be ₹480.

________×_×_×________

More to know

$\\\boxed{\begin{minipage}{5cm}\bigstar \:\underline{\textbf{Profit and Loss Formulas :}}\\\\ \\ \sf {\textcircled{\footnotesize\textsf{1}}} \:S.P. = \sf \bigg\lgroup\dfrac{100 + Profit \%}{100}\bigg\rgroup \times 100 \\\\\\ \sf {\textcircled{\footnotesize\textsf{2}}} \:\:C.P. = \sf \dfrac{S.P. \times 100}{100 + Profit \%} \\\\\\\sf{\textcircled{\footnotesize\textsf{3}}} \:\:Profit = \sf \dfrac{Profit \% \times C.P.}{100} \\\\\\ \sf{\textcircled{\footnotesize\textsf{4}}} \: \:Profit (gain) = S.P. - C.P. \\\\\\\sf{\textcircled{\footnotesize\textsf{5}}} \: \: \sf Profit \% = \dfrac{Profit}{C.P.} \times 100 \end{minipage}}$