Question

Find the S.P when cp =7500,gain =20%​

Answer 1

Solution:-

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❍ Here, the question has given us the Cost price of a product that is Rs. 7,500 and made a profit 20% respectively. Now, the question has asked us to find the Selling price of that product. So, to find the Selling price we simply need to apply the formula of SP when CP and profit is given.

ANSWER:-

⇛ Selling price of the product is Rs. 9,000.

GIVEN:-

➜ Cost price of the product = 7,500

➜ Profit made by the seller = 20%

TO FIND:-

➛ Selling price of the product = ?

FORMULA:-

⇒ SP when Profit Percent is given = (100 + Profit % / 100)× CP

SOLVING BY APPLYING THE FORMULA:-

➜ Cost price of the product = 7,500

➜ Profit made by the seller = 20%

⇒ SP when Profit Percent is given = (100 + Profit % / 100)× CP

• Finding the selling price:-

➙ Selling price = (100 + 20 % / 100)× 7,500

➙ Selling price = (120 / 100) × 7,500

➙ Selling price = 120 / 100 × 7,500

➙ Cancelling the zeros.

➙ Selling price = 12 / 1 × 750

➙ Selling price = 12 × 750

➙ Selling price = 12 × 750 = 9,000

➙ Selling price = Rs. 9,000

Hence, we got the answer. The selling price of the product is Rs. 9,000.

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• Profit = (SP > CP) = SP - CP
• Loss = (CP > SP) = CP - SP
• Profit% = (Profit × 100 / CP)%
• Loss% = (Loss × 100 / CP)%
• SP when Profit Percent is given = (100 + Profit % / 100)× CP
• CP when Profit Percent is given = (SP × 100 / 100 + Profit %)
• SP when Loss Percent is given = (100 - Loss / 100)× CP
• CP when Loss Percent is given = (SP × 100 / 100 - Loss)

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