Question

if c.p =7000 , Profit =40%, S.p= ?​

Answer 1

Answer:

Solution:

We have, Cost of one copy = $15

∴ Cost of 500 copies = $(500 x 15) = $ 7500

It is given that the bookseller sold 500 copies at a profit of 20%

∴ Profit = 20% of C.P. = 2o/100 x 7500 = $1500

Now, S.P. = C.P. + Profit = 7500 + 1500 = $ 9000

Answer 2

The SP is Rs  9800

Step-by-step explanation:

Let SP be x

CP = Rs 7000

Profit % = 40%

Profit = SP - CP

Profit = x - 7000

Profit %$=\dfrac{Profit}{CP}\times 100$

$40=\dfrac{x-7000}{7000}\times 100$

$2800=x-7000$

$x=7000+2800$

$x=9800$

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