Question

The cost of an article was ₹7000 and ₹500 were spent on repairs.If it is sold for a profit of 5% its selling price is

Answer 1

Answer:

SP = ₹ 7875

Step-by-step explanation:

Cost Price = 7000

Repairs = 500

Total Price = 7500

Profit = 5%

SP = CP + Profit

= 7500 + 5% of 7500

= 7500 + 375

SP = 7875

Answer 2

Answer :

›»› The selling price of an article is ₹7875.

Given :

• The cost of an article was ₹7000 and ₹500 were spent on repairs.

To Find :

• If it is sold for a profit 5% its selling price is?

Solution :

⠀⋆ Cost price of an article = ₹7000.

⠀⋆ Repair cost price of an article = ₹500.

⠀⋆ Profit of an article = 5%.

⠀⋆ Selling price of an article = ?

Finding total cost price of an article:

→ Total cost price = Cost price of an article + Repair cost price of an article.

→ Total cost price = 7000 + 500

→ Total cost price = ₹7500.

Now,

As we know that

→ Selling price = Cost price + Profit

→ SP = CP + Profit

→ SP = 7500 + 50% of 7500

→ SP = 7500 + 5/100 * 7500

→ SP = 7500 + 5/1 * 75

→ SP = 7500 + 5 * 75

→ SP = 7500 + 375

→ SP = ₹7875

Hence, the selling price of an article is ₹7875.

Extra Brainly Knowledge :

• Profit = SP - CP.
• Loss = CP - SP.
• SP = CP + Profit.
• SP = CP - Loss.
• CP = SP - Profit.
• CP = Loss + SP.
• Profit % = Profit * 100/CP.
• Loss % = Loss * 100/CP.

Where,

• SP is the Selling price.
• CP is the Cost price.