Question

Bishnu bought a sofa set for 55400 and sold it at a gain of 8%. Find the selling price.​

Answer 1

Step-by-step explanation:

✬ S.P = Rs 59832 ✬

Step-by-step explanation:

Given:

Cost price of sofa set is Rs 55400.

Bishnu earned 8 % after selling this sofa.

To Find:

What is the selling price of sofa ?

Solution: To find S.P when C.P and profit percent are given we use the following formula.

★ S.P = (100 + Profit%/100) × C.P ★

➮ S.P = (100 + 8/100) × 55400

➮ S.P = 108/100 × 55400

➮ S.P = 108 × 554

➮ S.P = Rs 59832

Hence, selling price of sofa is Rs 59832.

[ Verification ]

Profit = S.P – C.P

Profit = 59832 – 55400 = 4432

Using

Profit % = (Profit/C.P × 100)%

➯ 8 % = (4432/55400 × 100)%

➯ 8 % = (4432/554)%

➯ 8 % = 8 %