Question

(i) CP = 950. gain = 6%​

Answer 1

Step-by-step explanation:

gain 6% = 6/100 = 3/50

then,if cp 50 sp will be 53

given,cp 950, sp will be 53 × 19 = 1007

Net profit = (1007 - 950) = 57

Answer 2

Solution:-

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❍ Here, the question has given us the cost price of a product that is Rs. 950 and made a profit 6% respectively. Now, we have to find the Selling price of that product. So, to find the Selling price we simply need to apply the formula of selling price when cost price and profit is given and we will get our answer.

ANSWER:-

⇛ Selling price of the product is Rs. 1,007.

GIVEN:-

➜ Cost price of the product = Rs 950

➜ Profit made by the seller = 6%

TO FIND:-

➛ Selling price of the product = ?

FORMULA:-

⇒ SP when Profit Percent is given = (100 + Profit % / 100)× CP

Where,

• SP = Selling price
• CP = Cost price
• P = Profit

SOLVING BY APPLYING THE FORMULA:-

➜ Cost price of the product = Rs. 950

➜ Profit made by the seller = 6%

⇒ SP when Profit Percent is given = (100 + Profit % / 100)× CP

• Finding the selling price:-

➙ Selling price = (100 + 6 / 100) × 950

➙ Selling price = 106 / 100 × 950

➙ Cancelling the zeros.

➙ Selling price = 106 × 95 / 10

➙ Selling price = 10,070 / 10

➙ Selling price = 10,070 / 10 = 1,007

➙ Selling price = Rs. 1,007

Hence, we got the answer. The selling price of the product is Rs. 1,007.

${\underline{\boxed{\large{\mathscr{\:All\: Formulae\:of\:Profit\:And\:Loss\:}}}}}$

• Profit = (SP > CP) = SP - CP
• Loss = (CP > SP) = CP - SP
• Profit% = (Profit × 100 / CP)%
• Loss% = (Loss × 100 / CP)%
• SP when Profit Percent is given = (100 + Profit % / 100)× CP
• CP when Profit Percent is given = (SP × 100 / 100 + Profit %)
• SP when Loss Percent is given = (100 - Loss / 100)× CP
• CP when Loss Percent is given = (SP × 100 / 100 - Loss)

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