Question

cost of an item is rupees 50. It was sold with a profit of 12%.Find the selling price.

Answer 1

Profit%=SP-CP/CP×100
Where SP is selling price
CP is cost price
Given Profit%=12
CP =₹50
To find SP
On substituting the values of p% and CP we get the value of SP as ₹56

Answer 2

C.P = ₹ 50
Profit = 12 %
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S.P = C.P + (profit %/100)×C.P

= 50 + (12/100)×50
= 50 + (12/2)
= 50 + 6
= 56 ₹
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Hence the selling price is Rs. 56