To Find Sale Price when Principal Amount, Markup Rate % and Time Period are known (WP No.1 Markup)

Aleem bought a television for Rs. 15,000 on installments at the markup rate of 12% per annum. Find the selling price of the television if the time period is 3 years.

Given:

Cost price is the principal amount (P) = Rs. 15,000
Markup rate (R) = 12% per annum
Time period (T) = 3 years

To Find:

Sale Price (S.P) of the Television = ?







Solution:

Using the formula,




Markup =`\frac{12\times Rs. 15000\times3}{100}`

Markup =Rs.5,400

Sale Price (S.P) of the television = cost price + markup

Sale Price (S.P) of the television = Rs. 15,000 + Rs. 5,400 

Sale Price (S.P) of the television = Rs. 20,400

************************

Jobs & Exams Mathematics Online

***************************************************************

Shortcut links for:

1. Real Life Word Problems on Financial Mathematics, Property Tax, General Sale Tax (GST), Zakat, Ushr, Profit and Loss, Markup, Percentage, Proportion.

2. 5th class Notes: English, Social Study (S.St.), General Science (G.Sc.), Urdu (اُردو), Islamiat (اسلامیات), Mathematics

************************************

1. Website for School and College Level Physics   

(https://askrarequiz.blogspot.com)

2. Website for School and College Level Mathematics  

(https://askraremaths.blogspot.com)

3. Website for Single National Curriculum Pakistan - All Subjects Notes 

(https://askrareclassnotes.blogspot.com/)

© 2022-23  Academic Skills and Knowledge (ASK)     

Note:  Write me in the comments box below for any query and also Share this information with your class-fellows and friends.