A business man makes a 10% profit by selling a toy costing him Rs 120. What is the selling price?

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Solution

CP = Rs. 12
Profit % = 10
We now that

SP = {(100 + profit %)/100} × CP
= {(100+ 10)/100} × 120
= {(110/100)} × 120 = 1.1 × 120 = Rs. 132

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A business man makes a 10% profit by selling a toy costing him Rs 120. What is the selling price?

CP = Rs. 12 Profit % = 10 We now that SP = {(100 + profit %)/100} × CP = {(100+ 10)/100} × 120 = {(110/100)} ​× 120 = 1.1​ × 120 = Rs. 132

CP = Rs. 12
Profit % = 10
We now that

SP = {(100 + profit %)/100} × CP
= {(100+ 10)/100} × 120
= {(110/100)} × 120 = 1.1 × 120 = Rs. 132