Question

Cost of an article is ₹12000.it os sold for a profit of 12%.find the selling price of the article

Answer 1

Question

Cost of an article is ₹12000.it is sold for a profit of 12%.find the selling price of the article

Solution

Given :-

• Cost of an article is 12,000 Rs.
• Profit = 12%

Find :-

• Selling price of article

Explanation

Using Formula

★ Profit % = profit × 100/(cost price )

keep all above values

==> 12 = profit × 100/12,000

==> profit = 12 × 12,000/100

==> profit = 12 × 120

==> profit = 1,440 Rs

But, we know,

★ Selling price = profit + cost price

So,

==> Selling price = 1440 + 12,000

==> Selling price = 13,440 Rs.

Hence

• Selling price be = 13,440 Rs.

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Answer 2

✬ Selling Price = Rs 13,440 ✬

Step-by-step explanation:

Given:

• Cost price of an article is Rs 12000.
• Profit percent is 12 %.

To Find:

• What is the selling price of the article ?

Solution: As we know that

★ Profit % = ( $\dfrac{<strong>Profit</strong>}{<strong>C.P</strong>}$ $\times$ 100 ) ★

➟ Putting the values on formula

$\implies{\rm }$ 12 = ( $\dfrac{Profit}{12000}$ $\times$ 100 )

$\implies{\rm }$ 12 = ( $\dfrac{Profit}{120}$ )

$\implies{\rm }$ 12 $\times$ 120 = Profit

$\implies{\rm }$ 1440 = Profit

For finding selling price of article ➬

★ Selling Price – Cost Price = Profit ★

$\implies{\rm }$ S.P – 12000 = Rs 1440

$\implies{\rm }$ S.P = ( 1440 + 12000 )

$\implies{\rm }$ S.P = Rs 13,440

Hence, the Selling Price of article will be Rs 13,440.

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★ Other Formulae ★

➯ Loss % = ( $\dfrac{Loss}{C.P}$ $\times$ 100 )

➯ Loss = ( C.P ) – ( S.P )