Question

when profit is 350 and profit/loss percent is 10. %..then find sp and cp

Answer 1

Profit = Rs. 350

Profit % = 10%

Find SP = ? ; CP = ?

Solution :

Profit % = ( Profit / CP ) * 100

10 % = ( 350 / CP ) * 100

CP * 10 = 350 * 100

CP = 35000 / 10

=> CP = Rs. 3500

Profit = SP - CP

Rs. 350 = SP - Rs. 3500

=> SP = Rs. 3500 + Rs. 350

=> SP = Rs. 3850

Hence the Cost price is Rs. 3500 and the Selling Price is Rs. 3850.

Hope my answer helped !