The cost of an item is Rs.500. It was sold with a profit of 20%. The selling price of the item is?


Given :

Cost of an item $=$ Rs. 500.

It was sold with a profit of 20%.

To find :

We have to find the selling price.

Solution :

Profit on the item $= Rs. \frac{20}{100} \times 500 = Rs. 100$.

We know that,

$S.P. = C.P. + Profit$

Selling price of the item $= Rs. 500 + Rs. 100 = Rs. 600$.

Therefore, the selling price is Rs.600.


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Updated on: 10-Oct-2022

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