Class 7 Exam  >  Class 7 Questions  >  A shopkeeper sold 300 pieces of an item at a ... Start Learning for Free
A shopkeeper sold 300 pieces of an item at a profit of 15%. If the cost of one item is 12, find the selling price of the items.?
Most Upvoted Answer
A shopkeeper sold 300 pieces of an item at a profit of 15%. If the cos...
Given:

  • Number of items sold = 300

  • Profit percentage = 15%

  • Cost of one item = 12



To find: Selling price of the items

Formula:

  • Profit = Selling Price - Cost Price

  • Profit Percentage = (Profit / Cost Price) * 100

  • Selling Price = Cost Price + Profit



Solution:

  • Profit Percentage = 15%

  • Cost Price of one item = 12

  • Profit = (15 / 100) * 12 = 1.8

  • Profit on 300 items = 1.8 * 300 = 540

  • Total Cost Price of 300 items = 12 * 300 = 3600

  • Total Selling Price of 300 items = Total Cost Price + Profit = 3600 + 540 = 4140

  • Selling Price of one item = Total Selling Price / Number of items sold = 4140 / 300 = 13.8



Answer:
The selling price of the items is 13.8.
Attention Class 7 Students!
To make sure you are not studying endlessly, EduRev has designed Class 7 study material, with Structured Courses, Videos, & Test Series. Plus get personalized analysis, doubt solving and improvement plans to achieve a great score in Class 7.
Explore Courses for Class 7 exam

Top Courses for Class 7

A shopkeeper sold 300 pieces of an item at a profit of 15%. If the cost of one item is 12, find the selling price of the items.?
Question Description
A shopkeeper sold 300 pieces of an item at a profit of 15%. If the cost of one item is 12, find the selling price of the items.? for Class 7 2024 is part of Class 7 preparation. The Question and answers have been prepared according to the Class 7 exam syllabus. Information about A shopkeeper sold 300 pieces of an item at a profit of 15%. If the cost of one item is 12, find the selling price of the items.? covers all topics & solutions for Class 7 2024 Exam. Find important definitions, questions, meanings, examples, exercises and tests below for A shopkeeper sold 300 pieces of an item at a profit of 15%. If the cost of one item is 12, find the selling price of the items.?.
Solutions for A shopkeeper sold 300 pieces of an item at a profit of 15%. If the cost of one item is 12, find the selling price of the items.? in English & in Hindi are available as part of our courses for Class 7. Download more important topics, notes, lectures and mock test series for Class 7 Exam by signing up for free.
Here you can find the meaning of A shopkeeper sold 300 pieces of an item at a profit of 15%. If the cost of one item is 12, find the selling price of the items.? defined & explained in the simplest way possible. Besides giving the explanation of A shopkeeper sold 300 pieces of an item at a profit of 15%. If the cost of one item is 12, find the selling price of the items.?, a detailed solution for A shopkeeper sold 300 pieces of an item at a profit of 15%. If the cost of one item is 12, find the selling price of the items.? has been provided alongside types of A shopkeeper sold 300 pieces of an item at a profit of 15%. If the cost of one item is 12, find the selling price of the items.? theory, EduRev gives you an ample number of questions to practice A shopkeeper sold 300 pieces of an item at a profit of 15%. If the cost of one item is 12, find the selling price of the items.? tests, examples and also practice Class 7 tests.
Explore Courses for Class 7 exam

Top Courses for Class 7

Explore Courses
Signup for Free!
Signup to see your scores go up within 7 days! Learn & Practice with 1000+ FREE Notes, Videos & Tests.
10M+ students study on EduRev