Question

find the missing one: C.P=Rs.500,profit=Rs.91.95=

Answer 1

As per the data given in the question,

We have to determine the missing one, i.e. value of SP.

As per question,

It is given that,

CP = Rs. 500

Profit = Rs. 91.95

As we know that,

SP is the price on which the goods are sold.

As we have formula for finding SP.

We know that,

$SP = CP + Profit$

So, putting the value of CP and profit in above formula,

We will get the SP as,

$SP = Rs.\:500+Rs.\:91.95=Rs.\:591.95$

Hence, selling price of the item will be Rs. 591.95.

Answer 2

As per the data given in the question,

In the above question, it is given that,

 The cost price is Rs.250

The profit is Rs.91.95

Here we have to find the missing one.

We have to use the formula of profit of loss,

Profit =S.P - C.P

Substituting the value in the above formula we get,

$Profit=S.P-C.P\\C.P+profit=S.P$

Therefore we have to find the selling point.

$S.P=C.P+Profit\\S.P=500+91.95\\S.P=Rs.591.95$

Hence the selling point will be Rs.591.95