Question

Find S. P when -C. P =Rs 50, profit percent =7percent

Answer 1

Answer:

Selling price (S.P.) is Rs. 53.5

Step-by-step explanation:

Given-

C. P =Rs 50

profit percent =7percent

To find-

S. P

Solution-

Selling price = S.P.

Cost price = C.P.

Profit means selling price(S.P.) minus cost price(C.P.) . It is calculated on the basis of cost price only.

If Cost price is more than selling price then it is Profit.

Profit = S.P. - C.P.

$Profit \:\: percentage= \frac{S.P.-C.P.}{C.P.} \times100$

Let, S.P. is $x$

Now, we can put given value in the above equation,

$7=\frac{x-50}{50} \times100\\\frac{7}{100}\times 50= x-50$

Dividing 100 by 50 we get

$\frac{7}{2} = x-50$

Dividing 7 by 2 we get

$3.5=x-50$

Now shift (-50) to left it becomes(+50)

$3.5+50=x\\x= 53.5$

So,

Selling price (S.P.) is Rs. 53.5