Question

cost of an item is rupees 50 it was sold with a profit of 12% find the selling price

Answer 1

cost = 50

profit = 12% of the cost = 0.12 * 50 = 6

the selling price = 50 + 6 = 56

Answer 2

The selling price = Rs. 56

Given :

• The cost of an item is Rs. 50
• It was sold with a profit of 12%

To find : The selling price

Solution :

Step 1 of 2 :

Find profit amount

Here it is given that cost of an item is rupees 50

It was sold with a profit of 12%

So profit amount

$\displaystyle \sf{ =Rs. \: 50 \times \frac{12}{100} }$

$\displaystyle \sf{ =Rs. \: \frac{600}{100} }$

$\displaystyle \sf{ =Rs. \: 6}$

Step 2 of 2 :

Find the selling price

Hence the required selling price

= Cost price + Profit amount

= Rs. 50 + Rs. 6

= Rs. 56

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