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

Given:

Cost price = 50₹

Profit percent = 12 %

TO find: The selling price

Solution:

Selling price = 112 % of cost price

Selling price = $\frac{112}{100} \times 50$

Selling price = $\frac{112}{ 2}$

Therefore the Selling price = 56 ₹  

Tutorialspoint

Simply Easy Learning

Updated on: 10-Oct-2022

321 Views

Kickstart Your Career

Get certified by completing the course

Get Started