the cost of book is rs 500 and profit is 10% find selling price
Answers
Answered by
25
Answer :
The selling price of the book is Rs. 550.
Solution :
Given,
Cost price of book = Rs. 500
Profit = 10 %
We know that,
=> S.P = C.P + 10% of C.P
Hence, The Selling price of the book is Rs. 550.
More information :
- Profit = S.P - C.P
- Loss = C.P - S.P
- When selling price is greater than cost price, there will be a profit.
- When cost price is greater than selling price, there will be a loss.
- P% = P/C.P × 100
- L% = L/C.P × 100
Answered by
62
Given:-
Cost Price (CP) of Book = 500 Rs
Profit % = 10%
To Find :-
Selling Price (SP) = ?
Formula:-
SP = CP( 100 + P%)/100
Solution:-
SP = 500(100 + 10)/100
=> 5 × 110 = 550 Rs
Hence,
SP of books = 550 Rs
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