Question

Find the selling price of a chair if the cost price is ₹ 500 and the profit percent is 5%.​

Answer 1

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.

hope this helps you

Answer 2

Answer:

Rs.525

Step-by-step explanation:

Gain% = Gain × 100/CP

5%. = Gain × 100/500

Gain = 5 × 5

Gain = Rs.25

SP = CP + Profit

SP = Rs.500 + Rs.25

SP = Rs.525