Question

Find the selling price of the articles listed in the table below.

Item		Total Cost		Profit Percent
Soap		Rs. 16		15
Tea		Rs 200		8
Rice		Rs. 22		10
Grain (1 sack)		Rs. 800		9
Tooth Paste		Rs. 25		12

Answer 1

i) Total cost of soap = Rs 16

Profit percent = 15

We know that profit = total cost × profit percent

= Rs 16 ×

= Rs

= Rs 2.40

Selling price = Total cost + Profit

= Rs 16 + Rs 2.40

= Rs 18.40

ii) Total cost of tea = Rs 200

Profit percent = 8

We know that profit = total cost × profit percent

= Rs 200 ×

= Rs

= Rs 16

Selling price = Total cost + Profit

= Rs 200 + Rs 16

= Rs 216

iii) Total cost of rice = Rs 22

Profit percent = 10

We know that profit = total cost × profit percent

= Rs 22 ×

= Rs

= Rs 2.20

Selling price = Total cost + Profit

= Rs 22 + Rs 2.20

= Rs 24.20

iv) Total cost of one sack of grain = Rs 800

Profit percent = 9

We know that profit = total cost × profit percent

= Rs 800 ×

= Rs 8 × 9

= Rs 72

Selling price = Total cost + Profit

= Rs 800 + Rs 72

= Rs 872

v) Total cost of toothpaste = Rs 25

Profit percent = 12

We know that profit = total cost × profit percent

= Rs 25 ×

= Rs

= Rs 3

Selling price = Total cost + Profit

= Rs 25 + Rs 3

= Rs 28