Question

A trader bought an electric kettle for ₹800. If he gets 10% profit on selling it, then the selling price of the electric kettle is ___.

Answer 1

Here, the electric kettle is bought for ₹800.
And the profit obtained is 10 %

i.e. $800\times \frac{10}{100}=₹80$

Now, to find the selling price, the profit needs to be added to the cost price.

Hence,
Selling price = Cost price + Profit
Selling price = ₹800 + ₹80
​​​​​Selling price = ₹880