Question

By selling a radio with 12 % profit, the profit amount is Rs. 60,for how much price was it sold??

Please someone answered these problem

Answer 1

here is your answer

given :

profit percentage = 12%

profit = rs60

to find : selling price

solution :

profit percentage = profit/cost price

12/100 = 60/CP

CP = 6000/12

CP = rs500

now,

profit = selling price - cost price

60 = SP-500

SP = rs560

so, selling price of the radio is rs560.