Question

the CP of an article is 500 if it is sold at a profit 20 percent what is the SP of an article

Answer 1

Answer:

Cost price = 500/-

Profit = 20 /-

Sp = ?

Selling price = (100 + profit ) Cost price

100

( 100 + 20)500

100

120 * 500 / 100 = 600

Selling price = 600/-

Verification = Sp - cp = profit

600-500 = 100

Profit percentage = profit * 100 / cp

100 * 100 / 500 = 20