Question

find the selling price if the profit of 5% is made on an article is cp is rupees 560​

Answer 1

Answer:

$profit = cost \: price \times \frac{profit \: percent}{100} \\ = 560 \times \frac{5}{100} = \frac{2800}{100} = rs. \: 28.$

Answer 2

Answer:

The cost price is abbreviated as CP, and the selling price is abbreviated as SP. Thus, the profit of the product can be determined by taking the difference between the cost price and the selling price.

Thus, the formula to calculate profit is given by.

Profit/Gain = Selling Price (SP) – Cost Price (CP)