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

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

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best_answer

We have,
CP = Rs 50
Profit  = 12 %
SP = ?

Therefore, 
SP = CP(1+\frac{profit\%}{100})
Put the values in the above equation, we get

\\= 50(1+\frac{12}{100})\\ =50 \times 1.12\\ = Rs\ 56

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manish

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