Find S.P. of an item if C.P. is Rs.50 and a profit of 12%
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Cost price = RS.50
Percentage = 12%
The selling price
Given,
CP = RS = 50
P% = 12%
Using SP = CP [100 + P%] ÷ 100
50 [100 + 12] ÷ 100
50 × 112 ÷ 100
5600 ÷ 100
Therefore, the selling price = RS.56
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