Question

A house is bought for £108 000 and then sold at a profit of 14%.
Find the selling price.​

Answer 1

HEY DEAR

given:- cost price = £108000

profit = 14%

sp=?

SP = (100+profit% / 100 )× cp

SP= (100 +14% /100)× £108000

SP= 114/100 × 108000

HOPE ITS HELPFULL

Answer 2

The selling price of House for 14% profit is
`\pounds 123,120`

Explanation:

Given as :

The cost price of house (c.p) =
`\pounds 108000`

The profit percentage = 14%

Let the selling price = s.p

So, Profit % =
`((Selling price - Cost price)/(Cost price))* 100`

Or, 14 % =
`((s.p - c.p)/(c.p))* 100`

Or,
`(s.p)/(c.p)` =
`(114)/(100)`

So, s. p = 1.14 × (c .p)

Or, s.p = 1.14 ×
`\pounds 108000`

∴ s. p =
`\pounds 123,120`

Hence The selling price of House for 14% profit is
`\pounds 123,120` Answer