Question

simi bought a table for ₹9000. she sold it at a profit of ₹20%. how much profit did she make ? what is the selling price? explain​

Answer 1

Answer:

Selling price = ₹10,800

Profit = ₹ 1800

Step-by-step explanation:

Given :

Cost price of table bought by Simi = ₹9000

He gain profit = 20%

To find :

(i) Profit

(ii) Selling price

Concept :

Use these formulas to find the Selling price and profit -:

For selling price -:

$\boxed{\sf{S.P.=\dfrac{100\%+P\%}{100\%}\:\times\:C.P.}}$

Where,

S.P. = Selling price

P% = Profit percent

C.P. = Cost price

For profit -:

$\boxed{\sf{P=S.P.-C.P.}}$

Where,

P = Profit

S.P. = Selling price

C.P. = Cost price

So , first we have to find the Selling price after that we can find the profit gain by Simi .

Solution :

Selling price -:

$\leadsto\sf{S.P.=\dfrac{100\%+20\%}{100\%}\times9000}$

$\leadsto\sf{S.P.=\dfrac{120\%}{1\cancel{00}\%}\times90\cancel{00}}$

$\leadsto\sf{S.P.=120\times90}$

$\leadsto\sf{S.P.=Rs.10,800}$

So , the Selling price is ₹ 10,800 .

Now , we can find the profit -:

$\leadsto\sf{P=10,800-9,000}$

$\leadsto\sf{P=1,800}$

So , the profit gain by Simi is ₹ 1800 .