Question

Cost price of a bag is Rs. 150. It is sold at a profit of 12%. What is its selling price?​

Answer 1

Answer:

cost price= 150

selling =?

profit =12%

selling price= cost price ÷100×profit

hence,

150÷100×112

=168

₹168 is the selling price.

Answer 2

Answer:

The selling price of a bag is Rs 168

Explanation:

Given: Cost price of a bag for Rs 150.

Profit percent is 12%

Find: The selling price of a bag.

Solution:

Formula of profit percent is

$Profit percent=\frac{Profit\times 100}{CP}$

$12percent=\frac{profit\times100}{150}$

$\frac{12\times150}{100} =profit$

$Profit=18$

Now, find selling price

$profit=SP-CP\\SP=P+CP\\SP=18+150\\SP=168$

Hence, the selling price is Rs. 168.

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