Question

if the cost price of the school bag is ₹620 and the seller makes a profit of 24% what is the selling price of the bag.

Answer 1

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Answer 2

$\underline{\bold{Given:-}}$

C.P. = 620 rupees

Profit = 24%

$\underline{\bold{To\:find:-}}$

S.P. = ?

$\underline{\bold{Solution:-}}$

We know that

$Profit\% = \frac{Profit}{C.P.} \times 100 \\ \\ 24 = \frac{Profit}{620} \times 100 \\ \\ Profit = 148.8 \: rupees \\ \\ Since,\: \bold{ Profit \: = \: S.P. \: - \: C.P.}\\ \\ So \\ \\ S.P. - 620 = 148.8 \\ \\ S.P. = 148.8 + 620 \\ \\\boxed{\bold{ S.P.= 768.8rupees}}$

The selling price of school bag is 768.8 rupees