1. Cost Price= 400, Profit= 25%, Selling Price= ?
…
Answer: SP= 500
Solution :-
Here Profit=25%,CP=400
=>Profit=1/4 × CP [We always calculate profit/ Loss from CP]
According to the formula: Profit + CP= SP
=>400 × 1/4 + 400= 500(Answer)
2.SP= 500,Profit= 25%,CP= ?
… Answer: CP= 400
Solution:-
CP= SP- Profit
Let the CP be x.Profit= 25% (Given)
According to formula: CP= SP – Profit
x = 500-(x×1/4)
x= 500- x/4
=>x + x/4= 500
5x/4= 500
5x=2000=>x=400 (Answer)
3.CP= 400,Profit= 25%, SP=?
…
Answer: 500
Solution:-
CP= 400,Profit = 25%
SP=CP + Profit
=>400+ 400×25/100[Profit/Loss always calculated from CP]
=>400+100=500(Answer)
4. A man purchases an item for Rs. 120 and he sells it at a 20
percent profit, find his selling price ?
…
Answer:144
Solution
Given: CP=120,Profit=20%
SP=CP + Profit
120+120×20/100
=>120+24=144(Answer)
5. Find the cost price of an article which is sold for Rs. 200 at
a loss of 20%.
…
Answer:250.0
Solution:-
Given: Loss=20%,SP=200
CP=SP×100/100-20
CP=200×100/100-20
CP=200×100/80
CP=200×10/8
CP=200×5/4
1000/4=250(Answer)