Question

Shopkeeper sells a compass box with a profit of 20% ,which was purchased at Rs 60. Find the selling price of a compass box.​

Answer 1

Answer:

The selling price of the compass box is Rs 72

Step-by-step explanation:

Here we have been mentioned to find the value of the selling price of the compass box whose cost price is Rs 60. The shopkeeper has sold the particular compass box at a profit of 20% hence the selling price is as below:

SP = CP + Profit

⇒ SP = Rs 60 + 20 % of Rs 60

⇒ SP = Rs 60 + $\frac{20}{100}$ × 60

⇒ SP = Rs 60 + Rs 2 × 6

⇒ SP = Rs 60 + Rs 12

⇒ SP = Rs 72

Hence the selling price of the compass box is Rs 72.

Answer 2

Given:

Cost price of the compass box = Rs. 60

Profit = 20%

To Find:

The selling price of the compass box

Solution:

Using the formula to calculate profit -

SP = CP + Profit

Substituting the values -  

SP = 60 + 20 % of 60

Sp = 60 + ( 20/100 x 60)

SP = 60 + ( 1200/100)

SP = 60 + 12

SP = 72

Answer: The selling price of the box is Rs. 72