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If the MP of an item is 10 �ove the CP. find the SP of the item. If the dealer want 4 percent to earn profit marked price at rupees 5500?
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If the MP of an item is 10 �ove the CP. find the SP of the item. If th...
Calculating Selling Price (SP) of an Item:
To find the selling price (SP) of an item when the marked price (MP) is 10% above the cost price (CP), we need to first calculate the CP and then the SP.
Calculating Cost Price (CP):
Given that the MP is 10% above the CP, we can say:
MP = CP + 0.1 * CP
MP = 1.1 * CP
Calculating Marked Price (MP):
Given that the dealer wants to earn a profit of 4%, the MP is set at Rs. 5500. We can calculate the CP as follows:
5500 = 1.04 * CP
CP = 5500 / 1.04
CP = Rs. 5288.46
Calculating Selling Price (SP):
Now that we have found the CP, we can calculate the SP using the formula:
SP = 1.1 * CP
SP = 1.1 * 5288.46
SP = Rs. 5817.31
Therefore, the selling price (SP) of the item is Rs. 5817.31.
To find the selling price (SP) of an item when the marked price (MP) is 10% above the cost price (CP), we need to first calculate the CP and then the SP.
Calculating Cost Price (CP):
Given that the MP is 10% above the CP, we can say:
MP = CP + 0.1 * CP
MP = 1.1 * CP
Calculating Marked Price (MP):
Given that the dealer wants to earn a profit of 4%, the MP is set at Rs. 5500. We can calculate the CP as follows:
5500 = 1.04 * CP
CP = 5500 / 1.04
CP = Rs. 5288.46
Calculating Selling Price (SP):
Now that we have found the CP, we can calculate the SP using the formula:
SP = 1.1 * CP
SP = 1.1 * 5288.46
SP = Rs. 5817.31
Therefore, the selling price (SP) of the item is Rs. 5817.31.
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If the MP of an item is 10 �ove the CP. find the SP of the item. If th...
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If the MP of an item is 10 �ove the CP. find the SP of the item. If the dealer want 4 percent to earn profit marked price at rupees 5500?
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If the MP of an item is 10 �ove the CP. find the SP of the item. If the dealer want 4 percent to earn profit marked price at rupees 5500? for Class 8 2024 is part of Class 8 preparation. The Question and answers have been prepared according to the Class 8 exam syllabus. Information about If the MP of an item is 10 �ove the CP. find the SP of the item. If the dealer want 4 percent to earn profit marked price at rupees 5500? covers all topics & solutions for Class 8 2024 Exam. Find important definitions, questions, meanings, examples, exercises and tests below for If the MP of an item is 10 �ove the CP. find the SP of the item. If the dealer want 4 percent to earn profit marked price at rupees 5500?.
If the MP of an item is 10 �ove the CP. find the SP of the item. If the dealer want 4 percent to earn profit marked price at rupees 5500? for Class 8 2024 is part of Class 8 preparation. The Question and answers have been prepared according to the Class 8 exam syllabus. Information about If the MP of an item is 10 �ove the CP. find the SP of the item. If the dealer want 4 percent to earn profit marked price at rupees 5500? covers all topics & solutions for Class 8 2024 Exam. Find important definitions, questions, meanings, examples, exercises and tests below for If the MP of an item is 10 �ove the CP. find the SP of the item. If the dealer want 4 percent to earn profit marked price at rupees 5500?.
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