Question

cost of an item is Rs.50. It was sold with a profit of 12%.find the selling price. (a) Rs. 56 (b)Rs.60 (c)Rs.70 (d) none of these​

Answer 1

Answer:

Given:

Cost Price = Rs.50

Profit = 12%

Profit = 12% of Rs 50 = 12/100 × 50 = Rs.6

Selling Price = Cost price + Profit = 50 + 6 = Rs.56.

Answer: Option (a) Rs.56.