Question

An item costing rupees 1000 was sold at a profit of 23 %. What was the selling price?​

Answer 1

Step-by-step explanation:

GIVEN

• Cost Price (CP) = Rs 1000
• Profit% = 23%

TO FIND

• Selling Price (SP)

SOLUTION

This can be solved in 2 ways

⠀⠀⠀⠀⠀⠀⠀⠀⠀METHOD 1

• SP = (100 + Profit%)/100 × CP
• SP = 123/100 × 1000
• SP = 1230

⠀⠀⠀⠀⠀⠀⠀⠀⠀METHOD 2

• Profit = 23% of 1000
• Profit = 23/100 × 1000
• Profit = 230

• SP = CP + Profit
• SP = 1000 + 230
• SP = 1230

Answer 2

Step-by-step explanation:

ᏟᏢ = 1000 ɾυρєєѕ

ᏢᎡϴҒᏆͲ = 23%

$sp \: = \: \frac{100 + profit\%}{100} \times cp$

$sp \: = \frac{100 + 23}{100} \times 1000$

ՏᏢ = 1230 ᎪΝՏ