cost of an item is Rs 50 . it was sold at a profit of 12% . find the selling price

If it was sold at a profit of 12%. It means that the S.P is 12% more than the C.P
12 % of Rs. 50 = 12/100 * 50 = Rs. 6
=> The S.P is Rs. 6 more than the cost price
= 6 rupees more than 50 rupees. = Rs. 56
S.P = Rs 56

Regards
Meherwan

  • 2

C.P.= Rs 50

gain% = 12

S.P. = [ 100 + gain% / 100 ] * C.P.

         = [ 100 + 12 / 100 ] * 50

          = [112 / 100 ] * 50 = 56 Rs

  • 1
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