Question

What is the selling price, if the profit is 5% for a computer table bought at Rs.1150/- with Rs.50/- as a transport charge?

Answer 1

Given :

• Cost price of a table = Rs.1150
• Gain% = 5%
• Money spent as a transport charge = Rs.50

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To Find :

• The selling price of the table.

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Formula Used :

• $\bf{\fbox{SP = \bigg\{ \dfrac{ (100 + gain\%) }{100} × CP \bigg\} }}$

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Solution :

Here's given that, a computer table costs Rs 1150, Rs 50 is spent as a transport charge and profit% is 5%. Total money spent (CP) = Rs(1150 + 50) = Rs 1200. Now, we can easily find out the selling price of the computer table by substituting CP and gain% in the formula:

$\rm{ \hookrightarrow \: SP = \bigg\{ \dfrac{ (100 + gain\%) }{100} × CP \bigg\} }$

Let's solve it!!

$\sf{ \longmapsto \: SP = \bigg\{ \dfrac{ (100 + gain\%) }{100} × CP \bigg\} }$

$\sf{ \longmapsto \: SP = \bigg\{ \dfrac{ (100 + 5) }{100} × 1200 \bigg\} }$

$\sf{ \longmapsto \: SP = \bigg\{ \dfrac{105}{ \cancel{100} } × \cancel{1200} \bigg\} }$

$\sf{ \longmapsto \: SP = 105 × 12 }$

$\sf{ \longmapsto \: SP = 1260 }$

Hence, the selling price of the computer table is Rs 1260.

Answer 2

Given :

Cost price of the table : ₹1150

Transportation charges :₹50

Profit percentage: 5%

To find :

The selling price of the computer table.

Solution :

First, we should find the total cost price of the computer table.

Total cost price :

$\sf \dashrightarrow 1150 + 50$

$\dashrightarrow$₹$\sf 1200$

Now, we can find the selling price of the computer table.

Selling price of the table :

$\sf \dashrightarrow \dfrac{(100 + Profit\%)}{100} \times CP$

$\sf \dashrightarrow \dfrac{(100 + 5)}{100} \times 1200$

$\sf \dashrightarrow \dfrac{105}{100} \times 1200$

$\sf \dashrightarrow \dfrac{21}{20} \times 1200$

$\sf \dashrightarrow \dfrac{21 \times 1200}{20} = \dfrac{25200}{20}$

$\sf \dashrightarrow \cancel \dfrac{25200}{20} = 1260$

Hence, the selling price of the computer table is ₹1260.