Question

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

Answer 1

Answer:

57.5. ...,.........p,..

Answer 2

Answer:

Selling price of the item = ₹56

Step-by-step explanation:

Given :

Cost price of an item = ₹50

Profit percentage = 12%

To find :

The Selling price

Taken :

To find the Selling price of the item use this formula -:

$\boxed{\sf{S.P.=\dfrac{100\%+P\%}{100\%}\times\:C.P.}}$

Where,

S.P. = Selling price

P% = Profit percentage

C.P. = Cost price

Solution :

$:\implies\sf{S.P.=\dfrac{100\%+12\%}{\cancel{100\%}}\times\cancel{50}}$

$:\implies\sf{S.P.=\dfrac{\cancel{112}\%}{\cancel{2}}}$

$:\implies\sf{S.P.=Rs.56}$

So , the Selling price of the item is ₹56 .