Question

Find the selling price of a jacket whose cost price is. 1080 with profit 6%

Answer 1

Selling price of a jacket is Rs 1144.8 .

Step-by-step explanation:

We have to find the selling price of a jacket whose cost price is Rs 1080 with profit 6%.

Let the cost price of jacket be C.P. = Rs 1080

and Selling price of jacket be S.P.  

Since, we know that profit is always calculated on the cost price, so we will find the profit in monetary terms.

Profit % formula is given by  =  $\frac{\text{Profit}}{C.P.}\times 100$

So,     6  =  $\frac{\text{Profit}}{C.P.}\times 100$

          6  =  $\frac{\text{Profit}}{1080}\times 100$

         Profit  =  $\frac{1080 \times 6}{100}$

                    =  $\frac{6480}{100}$  =  Rs 64.8

Hence, amount of profit on selling of jacket is Rs 64.8.

Now, when there is a profit, then;

    Selling Price (S.P.)  =  Cost price (C.P.) + Profit

                                     =  Rs 1080 + Rs 64.8

                                     =  Rs 1144.8

Therefore, the selling price of a jacket whose cost price is Rs 1080 with profit 6% is Rs 1144.8.