Question

Find the selling price if cp is 500and profit is 60

Answer 1

Answer:

Given,

To find out the selling price.

Where cost price(C.p)=500 Rs. & gain =25% as we know that,

Selling price(S.P)=[

100

100+Gain%

]× Cost price (C.P)

We get here,

S.P=[

100

100+25

]×500

=

100

125

×500

⇒125×5

⇒625

∴ Selling price =625 Rs.

Answer 2

SP = CP + Profit (if it is a value and not a percentage)
Therefore SP = 500+60
SP =(₹) 560