Question

Cost of an item is Rs 50. It was sold with a probit of 12%. Find the selling price.​

Answer 1

Answer:

selling price = Rs 56

Step-by-step explanation:

Cost price of an item (c.p)=Rs50,

Profit (g) = 12%,

$selling \:price=c.p\left(\frac{100+g}{100}\right)\\=50\left(\frac{100+12}{100}\right)\\=50\times \frac{112}{100}\\=56$

Therefore,

selling price = Rs 56

•••♪

Answer 2

Answer:

Cost price of item = ₹50

Profit % = 12%

Now profit = 50 × 12 ÷ 100

Profit = ₹6

Hence selling price = ₹50 +₹6

=₹56

Selling price =₹56