question_answer

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

Answer:

Given, C.P of an item = Rs.50; Profit % = 12% \[\therefore \] Profit = 12% of C.P of an item =12% of 50=\[\frac{12}{100}\times 50=\frac{600}{100}=Rs\,\,\,56\] \[\therefore \] S.P of an item = C.P + Profit = Rs 50 + Rs 6 = Rs 56