Question

Cp=950 and sp=8% find sp

Answer 1

Hey here is ur answer

Answer 2

In context to question asked,

We have to determine the SP,

NOTE: There is a change in question,

The question should be,

CP = 950, Profit = 8%, Find Sp. (As it is shown in image)

As per question,

We have,

CP = Rs. 950

Profit = 8%

So, The expression for SP in term of CP will be,

$SP = CP+ Profit\\=>SP = \frac{100+\%Profit}{100}\times CP$

So, putting the value given in question,

We will get,

$SP = \frac{100+8}{100}\times 950\\=>SP = \frac{108}{100}\times 950\\=>SP = Rs.\:1026$

Hence, SP of the item will be Rs. 1026