Class 8 Exam > Class 8 Questions > If the MP of an item is 10 �ove the CP. find ...
Start Learning for Free
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?
Most Upvoted Answer
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.
Community Answer
If the MP of an item is 10 �ove the CP. find the SP of the item. If th...
5610
Attention Class 8 Students!
To make sure you are not studying endlessly, EduRev has designed Class 8 study material, with Structured Courses, Videos, & Test Series. Plus get personalized analysis, doubt solving and improvement plans to achieve a great score in Class 8.
|
Explore Courses for Class 8 exam
|
|
Similar Class 8 Doubts
Top Courses for Class 8View all
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?
Question Description
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?.
Solutions 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? in English & in Hindi are available as part of our courses for Class 8.
Download more important topics, notes, lectures and mock test series for Class 8 Exam by signing up for free.
Here you can find the meaning of 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? defined & explained in the simplest way possible. Besides giving the explanation of
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?, a detailed solution 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? has been provided alongside types of 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? theory, EduRev gives you an
ample number of questions to practice 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? tests, examples and also practice Class 8 tests.
|
|
Explore Courses for Class 8 exam
|
|
Suggested Free Tests
Signup for Free!
Signup to see your scores go up within 7 days! Learn & Practice with 1000+ FREE Notes, Videos & Tests.
|
© EduRev
|
Education Revolution
|
|
Signup to see your scores
go up within 7 days!
Access 1000+ FREE Docs, Videos and Tests
Takes less than 10 seconds to signup