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S.P. of an article of C.P. RS1500 with profit 20% is RS 1800 True or False?
Verified Answer
S.P. of an article of C.P. RS1500 with profit 20% is RS 1800 True or F...
This statement is true.
The selling price (S.P.) of an article is the price at which it is sold to the customer. The cost price (C.P.) of an article is the price at which it was purchased or produced. If the selling price of an article is RS 1800 and the cost price is RS 1500, and there is a profit of 20%, then the statement "S.P. of an article of C.P. RS1500 with profit 20% is RS 1800" is true.
To calculate the profit percentage, you can use the following formula:
Profit percentage = (Selling price - Cost price) / Cost price * 100
Plugging in the values given in the statement, you get:
Profit percentage = (1800 - 1500) / 1500 * 100 = 300 / 1500 * 100 = 20%
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Most Upvoted Answer
S.P. of an article of C.P. RS1500 with profit 20% is RS 1800 True or F...
False
To determine the selling price (S.P.) of an article when the cost price (C.P.) and profit percentage are given, we can use the following formula:
S.P. = C.P. + (Profit Percentage / 100) * C.P.
Given:
C.P. = RS 1500
Profit Percentage = 20%
Let's calculate the selling price using the formula:
S.P. = 1500 + (20 / 100) * 1500
S.P. = 1500 + 0.2 * 1500
S.P. = 1500 + 300
S.P. = RS 1800
Explanation:
According to the calculations, the selling price of the article comes out to be RS 1800. This means that the statement "S.P. of an article of C.P. RS 1500 with a profit of 20% is RS 1800" is false.
Reasoning:
When the cost price of an article is RS 1500 and a profit of 20% is added, the selling price should be higher than the cost price. In this case, the selling price is RS 1800, which is indeed higher than the cost price. Therefore, a profit of 20% is included in the selling price calculation.
Conclusion:
The statement is false because the calculated selling price of RS 1800 is higher than the cost price of RS 1500, indicating a profit of 20%.
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S.P. of an article of C.P. RS1500 with profit 20% is RS 1800 True or False?
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S.P. of an article of C.P. RS1500 with profit 20% is RS 1800 True or False? 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 S.P. of an article of C.P. RS1500 with profit 20% is RS 1800 True or False? covers all topics & solutions for Class 7 2024 Exam. Find important definitions, questions, meanings, examples, exercises and tests below for S.P. of an article of C.P. RS1500 with profit 20% is RS 1800 True or False?.
S.P. of an article of C.P. RS1500 with profit 20% is RS 1800 True or False? 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 S.P. of an article of C.P. RS1500 with profit 20% is RS 1800 True or False? covers all topics & solutions for Class 7 2024 Exam. Find important definitions, questions, meanings, examples, exercises and tests below for S.P. of an article of C.P. RS1500 with profit 20% is RS 1800 True or False?.
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