Question
Download Solution PDFThe cost price of an article is Rs. 5,000. What should the selling price of the article be so that a profit of 25% is earned?
Answer (Detailed Solution Below)
Detailed Solution
Download Solution PDFGiven:
Cost price = Rs. 5,000
Profit = 25%
Formula used:
Selling price = Cost price × \(\frac{(100 + Profit\%)}{100}\)
Calculation:
According to the question,
Selling price = Cost price × \(\frac{(100 + Profit\%)}{100}\)
= 5,000 × \(\frac{(100 + 25)}{100}\)
= 5,000 × \(\frac{125}{100}\)
= Rs. 6,250
Hence, The selling price is Rs. 6,250.
Last updated on Jun 2, 2025
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