An Article is purchased at rs.400 and sold at 25% profit .What will be the selling price of articles?
Answers
Selling price of an article is ₹500
Step-by-step explanation:
GIVEN
Cost Price = ₹400
Profit = 25%
___________________________
TO FIND
Selling price of an article
___________________________
We know that,
Selling Price = ( 100 + Profit% ) × Cost Price / 100
Selling Price = ( 100 + 25% ) × 400 / 100
Selling Price = 125 × 400 / 100
Selling Price = 50000 / 100
Selling Price = 500
Selling Price = ₹500
Selling price of an article is ₹500
___________________________
IMPORTANT
if the profit percent is given and we have to find the selling price
Then
Selling Price = ( 100 + Profit% ) × Cost Price / 100
If the loss percent is given and we have to find the selling price
Then
Selling Price = ( 100 + Profit% ) × Cost Price / 100
If the loss percent is given and we have to find the selling price
Then
Selling Price = ( 100 - Loss% ) × Cost Price / 100
When selling price and loss percent is give and we have to find the cost price
Then
Cost Price = ( Selling Price × 100 ) / ( 100 + Profit Percent )