Question

find the Sp if the CP of an item is 300 item is sold at 5% profit

Answer 1

profit =5%of 300
=(5÷100)×300
=15
profit = Sp-Cp
15=Sp-300
15+300=SP
315=Sp


or

Sp=[Cp(100+profit%)]
=[300(100+5%)]
=[300(100+5)]÷100
=[300×105]÷100
=31500÷100
=315