Question

An item was purchased for $550 and$50 were spent for maintaining it .find out the selling price of that item to get 25% profit

Answer 1

Answer:

profit is equal to sp-cp

profit% is equal to p/cp×100

25%=x-600/600×100

150/100 =x- 600

150/100 + 60000/100 =X

60150/100 = X

601.50 = sp