Question

Cost of an item is Rs 7000. It was sold with a profit of 20 %. Find the Selling price.

Answer 1

7000+20%=?

7000+1400=8400

Answer 2

Here the cost price and profit percentage of an item is given

cost price = Rs. 7000

profit percentage = 20%

We have to find out the selling price

first we will find out the profit

profit = 20% of 7000

= (20/100) × 7000

= 1400

Now, we will find the selling price

selling price = cost price + profit

= 7000 + 1400

= 8400

Hence, the selling price will be Rs. 8400