Question

Profit & Loss -P
Profit &
IQ - 13
Multi Choice Type Question
The difference between the cost price and selling price of an article is Rs. 350. If the profit
is 7%, the selling price is. ​

Answer 1

Answer:

We all know that gain/cp×100=gain per cent

So,gain/cp×100=7

or,(sp-cp)/cp×100=7

or,350/cp=7/100

or,7cp=350×100=35000

or,cp=35000/7=5000

So,sp=(cp+profit)=(5000+350)=5350

Therefore, the selling price here is Rs.5350