Question

An article bought for Rs. 350 is sold at a profit of 20%. Find its selling price.​

Answer 1

Given:-

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• CP of the article = Rs. 350

• Profit % = 20%

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To Find:-

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• The selling price of the article

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Solution:-

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$\sf{SP=\cfrac{CP\:(100+Profit\:\%)}{100}}$

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$\implies\sf{\cfrac{350×120}{100}}$

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$\implies{\purple{\underline{\boxed{\sf{Rs.\:{\frak{420}}}}}}{\:\bigstar}}$

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Hence, the selling price of the article is Rs. 420.

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More Formulas:-

Gain = S.P – C.P

Loss = C.P – S.P

$\rm { Gain \: \% = \Bigg( \dfrac{Gain}{C.P} \times 100 \Bigg)\%}$

$\rm { Loss \: \% = \Bigg( \dfrac{Loss}{C.P} \times 100 \Bigg)\%}$

$\rm { S.P = \dfrac{100+Gain\%}{100} \times C.P}$

$\rm { C.P =\dfrac{100}{100+Gain\%} \times S.P}$

$\rm { S.P = \dfrac{100-loss\%}{100} \times C.P}$

$\rm { C.P =\dfrac{100}{100-loss\%} \times S.P}$

Answer 2

CP of article = Rs. 350

Profit = 20%

S.P. = {C.P.(100 + Profit%) / 100

= Rs. {350(100 + 20)} / 100

= Rs.(350 × 120) / 100

= Rs. 420

HOPE IT HELPS.