To Find the S.P and Profit percentage on selling an item when the Profit and C.P are known (WP-20: Profit and Loss)

Q. Kanwal bought an iron for Rs. 1000 and got a profit of Rs. 200. Find profit percent and sale price. 

Solution: 

Cost price C.P = Rs. 1,000

Profit = Rs. 200

Since profit percent general formula is

Profit percent = `frac {Rs. 200}{Rs. 1,000}times 100`

Profit percent = 20% -----------Ans.1

Since 

Profit = S.P - C.P

so

S.P = Profit + C.P = Rs. 200 + Rs. 1,000 

S.P = Rs. 12000 ------Ans.2

Similar Question:

Find sale price if C.P = Rs. 500, profit = 5% 

Find sale price if C.P = Rs. 300, loss = 10%

A motorcycle was bought for Rs. 48,000 and was sold at a profit of 6%. Find sale price.

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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.

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3. 6th class Notes: Mathematics (National Book Foundation):

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