Question

what is selling price of a chair which was purchased for rupees 50 and sold at a profit of 10%?​

Answer 1

Answer:

SP = 55 rupees

Step-by-step explanation:

According to the information provided in the question it is given as

Purchased price =CP = 50

SP = ?

Profit = 10%

We need to find the Selling price = SP

Profit 10 % of 50

[tex]=\frac{10}{100} \times 50\\ = \frac{10}{2} \\ = 5 Rupees \\ [/tex]

Now selling price = 50+ 5

                              = 55 Rupees

Hence Selling price = 55 rupees