Question

Cost of an item is Rs.500, it is sold with a profit of 10%. What is the selling price?

Answer 1

Answer:

Selling price will be : Rs. 550

Step-by-step explanation:

Cp = 500

profit% = 10%

Therefore, profit = 10/100*500 = 50

therefore SP = Cp + Profit

= 500 + 50

= 550 ( Ans )