You want to always make a 20% profit on your business. The price at which you buy raw materials increased from 100 rs to 125. At what price you should sell your product now.
Answers
Answered by
1
c.p =125
profit=20%
s.p=?
let the s.p =X
125×120/100=X
X=150
Answered by
1
The price at which the product is sell now is 150 rs
Explanation:
Given that
Profit percentage = 20%
Increased price = 100 rs to 125 rs
We know that
Selling price = Cost price + profit
= 125 rs + 20% × 125 rs
= 125 rs + 25 rs
= 150 rs
We consider the selling price by adding the cost price and the profit percentage.
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