Question

Cost of an item is Rs50 or was sold with profit of 12./. Find the selling price

Answer 1

Answer:

The Selling Price of the item is Rs. 56.

Step-by-step explanation:

Given :

Cost Price = Rs. 50

Profit made = 12%

To find :

The selling Price

Solution :

Here :

• Cost Price = Rs. 50
• Profit % = 12%
• Selling Price = ??

$\bigstar{\boxed{\sf\:{SP = \frac{(100 + profit\%)} {100} \times CP}}}$

$\sf{\longrightarrow}\:{SP = \dfrac{(100 + 12\%)} {100} \times 50} \\ \\ \sf{\longrightarrow}\:{SP = \dfrac{112}{100} \times 50} \\ \\ \sf{\longrightarrow}\:{SP = \dfrac{5600}{100}} \\ \\\sf{\longrightarrow}\:{SP =56}$

Selling Price = Rs. 56

$\therefore$ The Selling Price of the item is Rs. 56.