Question

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

Answer 1

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

i.e. $800\times \frac{10}{100}=₹80$$\left[1mark\right]$

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$\left[1mark\right]$