Cost of an item is Rs 150 it was sold with a profit of 12 find the selling price

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Answer

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Hint:
To calculate first, we have to convert the Profit percentage into the profit. After I calculated the profit, We have to add this profit to the cost price of the item. This will give us the selling price of an item.

Complete step by step solution:
We have given the cost price of an item \[Rs.{\text{ }}50\]
Also, we have given that profit made on selling item = \[12\% \]
Now we have to convert the profit percentage to profit.
So profit is given as = \[\]\[\left( {cost{\text{ }}price{\text{ }}x\;profit{\text{ }}percentage} \right){\text{ }}/{\text{ }}100\]
\[ = {\text{ }}56{\text{ }}Rs\]
$ = \dfrac{{12}}{2}$=6
Profit made on selling the item = \[6{\text{ }}Rs\]. Now we have to calculate the selling price of the item
The selling price of the item will be the sum of the cost price and the profit made on selling the item.
So, \[Selling{\text{ }}price{\text{ }} = {\text{ }}Cost{\text{ }}price{\text{ }} + \;Profit\] \[ = {\text{ }}50 + 6\]
\[ = {\text{ }}56{\text{ }}Rs\]

The selling price of the item = \[56{\text{ }}Rs\].

Note:
The cost price is the original. The price of an item or the price at which goods are or have been bought by a retailer selling price is the price at which the seller sold the product to the buyer. When the sellers make a profit the selling price will always be greater than the cost price.

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Updated On: 27-06-2022

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Answer

Step by step solution by experts to help you in doubt clearance & scoring excellent marks in exams.

644243251

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1.2 K

3:27

Cost of an item is Ra. 50. It was sold with a profit of 12% find the selling price.

50622367

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4.8 K

1:12

Cost of an item is `250` . It was sold with a profit of `12%` .Find the selling price

648078693

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5.6 K

यदि कोई वस्तु 20% के लाभ पर बेचने के स्थान पर 30% लाभ पर बेची जाती है, तो रु 50 का लान होता है। वस्तु का क्रय मूल्य ज्ञात कीजिए।

121117482

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700

2:28

The profit percentage on selling an item at Rs 110 is triple to the profit sold on selling the same article at Rs 80. Find the cost price of the article

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2:08

एक वस्तु को 12% लाभ पर बेची गई। यदि क्रय मूल्य 10% कम होता और विक्रय मूल्य रू 5.75 अधिक होता तो 30% लाभ होता तो 20% लाभ कमाने कके लिये वस्तु को किस कीमत पर बेचा जाना चाहिए।

643304535

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9.4 K

3:48

किसी वस्तु को 550 रु. में बेचने पर जो हानि होती हैं वो 850 रु. में बेचने पर हुये लाभ का आधा है। वस्तु का क्रय मूल्य ज्ञात करें।

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Cost of an item is Rs 150 it was sold with a profit of 12 find the selling price

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When an article is sold at Rs 770 the loss is 12 1 2 find cost price of an article?

Detailed Solution. ∴ The Cost price of an article is Rs. 880.

What is the profit percentage I the cost price is 80% of the selling price II the profit is Rs 50?

Hence, C.P = 80 S - 50 S = 30 S. Profit % = * 100 = 166.67%

What is the percentage of profit if one item sells for Rs 45 new class makes 12.5 per cent profit?

∴ The Profit percentage is 12.5%. ∴ The Profit percentage is 12.5%.

What will be selling price if cost price is Rs 120 and gain of 35 %?

Hence, if the cost price is Rs. 120 and the gain is 35%, then the selling price is Rs. 162.