Question

Cost of an item is Rs.50.It was sold with a profit of 5%.Find the selling price?​

Answer 1

Step-by-step explanation:

"CP = 50

Gain = 5%

SP = 100 + gain%/100 × CP

$= \frac{100 + 5}{100} \times 50 \\ \\ \\ = \frac{105}{100} \times 50 \\ \\ \\ = \frac{105}{2} \\ \\ \\ = 52.5$

SP = 52.5"