Question

If the cost price of an item is $Rs150$ and it is sold at a profit of $Rs30$, then SP is ………………..…. .

Answer 1

It is given that,

cost price of an item , $CP$ $=$$Rs150$

selling price of an item, $SP$$=$$?$

profit on item, $profit$$=$$Rs30$

Note : If the profit is occurred on selling an item, then the selling price of an item is more than the cost price of an item, the selling price of an item is represented as $SP$ and cost price of an item is represented as $CP$ So, $profit$ $=$ $SP$ $-$ $CP$

Lets take,

$profit$ $=$ $SP$ $-$ $CP$

So, $SP=CP+profit$

$SP=Rs150+Rs30$

$SP=Rs180$

therefore,selling price of an item $SP$ is $Rs180$.

Hence,the answer for given blank is $Rs180$.