Question

Find the selling price if a profit of 5% is made on a fan bought for₹600

Answer 1

Answer:

The Selling Price of the Fan is Rs.630.

Step-by-step explanation:

Gívєn -

Profit % made from the transaction = 5%

Fan was bought at = Rs. 600

Tσ fínd -

The Selling Price

Sσlutíσn -

Here ;

• Selling Price = ??
• Cost Price = Rs. 600
• Profit % = 5%

★ ${\boxed{\sf\:{SP =\frac{(100 + Profit\%)}{100} \times CP}}}$

$\sf{\implies} \: SP = \dfrac{100 + 5\%}{100} \times 600$

$\sf{\implies} \: SP = \dfrac{105}{1\cancel{00}} \times 6\cancel{00}$

$\sf{\implies} \: SP = 105 \times 6$

$\sf{\implies} \: SP = 630$

$\therefore$ The Selling Price of the Fan is Rs.630.

Answer 2

Answer:

Selling price of a fan is Rs. 630.

Step-by-step explanation:

Given

Cost price of a fan (CP) = Rs. 600

Profit % on fan (P) = 5 %

We know that

Selling price (SP) = CP * (100 + P)/100

By substituting the given values

⇒ SP = 600 * (100 + 5)/100

⇒ SP = 600 * 105/100

⇒ SP = 6 * 105

⇒ SP = 630

Therefore Selling price of a fan is Rs. 630.