Find the selling price when: (a) Cost Price = Rs. 875 and Profit $$ \%=5 \% $$

Question

UpStudy AI · Accepted Answer

To find the selling price when the cost price (CP) is Rs. 875 and the profit percentage is 5%, you can use the following formula:

$$
\text{Selling Price (SP)} = \text{Cost Price (CP)} + \text{Profit}
$$

First, calculate the profit:

$$
\text{Profit} = \left( \frac{\text{Profit \%}}{100} \right) \times \text{Cost Price (CP)}
$$

Substituting the values:

$$
\text{Profit} = \left( \frac{5}{100} \right) \times 875 = 0.05 \times 875 = 43.75
$$

Now, calculate the selling price:

$$
\text{Selling Price (SP)} = \text{Cost Price (CP)} + \text{Profit} = 875 + 43.75 = 918.75
$$

Thus, the selling price is **Rs. 918.75**.
The selling price is Rs. 918.75.

Find the selling price when: (a) Cost Price = Rs. 875 and Profit \( \%=5 \% \)