Question

Goods costing rs 40,000 sold at profit of 20%for cash. solve the problem

Answer 1

HOPE IT WILL HELP YOU

Answer 2

The answer is 48000

Explanation:

• Cost Price: The cost price of an item is the sum spent to acquire it or the cost at which it was produced. The cost price is denoted by the letter C.P.
• Selling Price: The selling price is the cost at which an item is offered for sale. The selling price is denoted by the letter S.P.

Given: The cost price of goods = 40000

Profit = cost price x profit percent/100

= 40000 x 20/100

= 8000

Selling price = cost price + profit

Selling price of goods = 40000 + 8000

= 48000

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