Question

C•p=48 profit%= 15% s•p=?? profit =??​

Answer 1

The s.p = 55.2 and the profit = 7.2.

Explanation:

Given:

Cost price (c•p)=48

Profit%= 15%.

Now, to find the profit and selling price (s.p):

By putting the formula we get the profit:

`Profit\%=(profit)/(c.p) * 100`

`15=(Profit)/(48) * 100`

Multiplying both sides by 48 we get:

`720=Profit* 100`

Dividing both sides by 100 we get:

`7.2=Profit`

Profit = 7.2.

Now, to get the s.p we put formula:

`S.p=c.p+profit`

`S.p=48+7.2`

`S.p=55.2`

Selling price = 55.2.

Therefore, the s.p = 55.2 and the profit = 7.2.