Question

Ramu bought a bag for rupees 500 and sold it with 20% profit . find its selling price

Answer 1

Answer:

600 rupees

Step-by-step explanation:

Cost Price = 500

Profit = 20%

Selling price = CP * ( 100 + Profit%/100)

= 500 * 120/100 = 600 rupees

Its selling price is 600 rupees

Answer 2

SOLUTION :

The cost of the bag (C.P) = Rs 500    (given)

The profit% = 20% in S.P    (given)

To be found :-

Selling Price (S.P)

We know that,

⇒ $\bf S.P = C.P \times \frac{(100+Profit\%)}{100}$

⇒ $\bf S.P = 500 \times \frac{(100+20)}{100}$

⇒ $\bf S.P = 600$

∴ Selling Price (S.P) is Rs 600