The buying price of a shirt is Rs 800 and selling price is Rs 880. What is the profit%?
Answers
Step-by-step explanation:
Find the SP when:
(i) CP = Rs 950, gain = 6%
(ii) CP = Rs 9600, gain = 16
2
3
%
(iii) CP = Rs 1540, loss = 4%
(iv) CP = Rs 8640, loss = 12
1
2
%
ANSWER:
(i) CP = Rs. 950
Gain = 6%
SP ={
(100 + Gain%)
100
× CP } = {
(100 + 6)
100
× 950} =
106
100
× 950 =
100700
100
= Rs. 1007
(ii) CP = Rs. 9600
Gain = 16
2
3
% =
50
3
%
SP={
(100 + Gain%)
100
× CP} = {
(100 +
50
3
)
100
× 9600} =
350
300
×9600 =
3360
3
= Rs. 11200
(iii) CP = Rs. 1540
Loss = 4%
SP={
(100 - Loss%)
100
× CP} = {
(100 - 4)
100
× 1540} =
96
100
× 1540 =
147840
100
= Rs. 1478.40
(iv) CP = Rs. 8640
Loss = 12
1
2
% =
25
2
%
SP={
(100 - Loss%)
100
× CP} = {
(100 -
25
2
)
100
×
Answer:
Given : Selling Price (SP) =880 Rs. and Loss Percentage =20%
Let's assume cost price (CP) =x Rs.
We know that, SP=CP−
100
CP×Loss Percentage
⇒880=x−
100
x×20
=
5
4x
⇒x=
4
880×5
=1100
∴SP=1100 Rs
Now, for a gain of 10%,
SP=CP+
100
CP×Profit Percentage
=1100+
100
1100×10
=1210 Rs.