Question

A marker bought for Rs 50 was sale at a profit of 5%. find the selling price.

Answer 1

Answer:Rs52.5

Explanation:

Cost price(cp)=Rs50

Percentage profit=5%

Selling price(sp)=?

Percentage profit=(sp-cp) /cp x 100

5=(sp-50)/50 x 100

5 x 50=100(sp-50)

250=100(sp-50)

Sp-50=250/100

sp-50=2.5

sp=2.5+50

sp=52.5

Selling price=Rs52.5

Answer 2

The selling price would be Rs 52.5

Explanation:

Rs 50 is the actual cost and the 5% profit will amount to Rs 2.5 (50*5%) so total total sales price would be Rs 52.5( Rs 50 + Rs 2.5)

Another way to calculate is (Rs 50 * 1.05) = 52.5