Finding Selling Price
Finding Selling Price
To Find Selling Price when Profit/Loss percent is given: To find the selling price we will first find the Profit/Loss on the cost price, and will then find the Selling Price.
Selling Price = Cost Price + Profit
Selling Price = Cost Price- Loss
Illustration 1: Mr. Kumar Bought a car at Rs 5500 and sold it at a profit of 10% find the Selling Price of the car?
Solution: Cost Price of the car = Rs. 5500
Profit % = 10%
Profit = 10 % of 5500
Selling Price of the Car = 5500 + 550 = Rs. 6050
Illustration 2: A man buys a plot of agricultural land for Rs 300000. He sells one-third at a loss of 20%. and two-fifths at a gain of 25%. At what price must he sell the remaining land so as to make an overall profit of 10%.
Solution: We have,
C.P of the entire land = Rs 300000
Proposed overall profit = 10% of Rs 300000
So, Proposed S.P. = Rs (300000 + 30000) = Rs 330000
Now, C.P. of one-third land
Loss = 20% of Rs 110000
So, S.P. = C.P. - Loss
= Rs (110000 - 22000)
= Rs 88000
C.P. of two-fifths land
Gain = 25% of Rs 132000
So, S.P. = C.P. + Gain
= Rs (132000+33000)
= Rs 165000
Total S.P. of two parts of the land sold = Rs (88000 + 165000)
= Rs 253000
So, S.P. of the remaining land = Rs(300000 - 253000)
= Rs 47000
200 kg of sugar was purchased at the rate of Rs 15 per kg and sold at a profit of 5%. Compute the selling price per kg. | |||
| Right Option : B | |||
| View Explanation | |||
A TV was bought for Rs 18,950 and old at a loss of Rs 4780. Find the selling price. | |||
| Right Option : D | |||
| View Explanation | |||
A man bought 542 kg of sugar for Rs. 7560.90 and sold it so as to gain 20%. The selling price per kilogram of sugar is __________ | |||
| Right Option : A | |||
| View Explanation | |||
Students / Parents Reviews [20]
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7thAbhyas institute is one of the best coaching institute in the vicinity of Ambala Cantt area. The teachers of the institute are well experienced and very helpful in solving the problems of the students.The good thing of the institute is that it is providing extra classes for the students who are w...
