Kumud bought a mobile phone at ruppes 2050 and sold it at a profit of 12 %. Find the
selling price of the mobile.
Answers
Step-by-step explanation:
Cost price of mobile phone is Rs 2050.
Profit percent earned on selling is 12% .
To Find:
What is the selling price of phone ?
Solution: To find selling price when cost price and profit percent are given we use the following formula
S.P = (100 + Profit%/100) × C.P
Putting the values on the formula
\implies{\rm }⟹ S.P = (100 + 12/100) × 2050
\implies{\rm }⟹ 112/100 × 2050
\implies{\rm }⟹ 112/10 × 205
\implies{\rm }⟹ 112/2 × 41
\implies{\rm }⟹ 56 × 41
\implies{\rm }⟹ 2296
Hence the selling price of mobile phone is Rs 2296.
[ Verification ]
Now we have
S.P = Rs 2296
C.P = Rs 2050
Here is profit so Profit = S.P – C.P
Profit = Rs (2296 – 2050)
Profit = Rs 246
Profit % = Profit/C.P × 100
12 % = 246/2050 × 100
12 % = 24600/2050
12 % = 12 %
\large\bold{\texttt {Verified }}Verified