Question

Find the selling price if cost price$=Rs.800$ and Profit $\%=6\frac{2}{3}\%$.

Answer 1

CP = 800 Rs. Profit % $=6\frac{2}{3}$% $=\frac{20}{3}$%

Profit % $=\frac{SP-CP}{CP}\times 100$

$=\frac{20}{3}=\frac{SP-800\times 100}{800}$

$=\frac{160}{3}+800=SP$

$=SP=853.34Rs.$

CP= 1000 Loss % $=11\frac{1}{5}$% $=\frac{56}{5}$%