Selling Price Calculation with Profit
The question asks for the selling price (SP) required to achieve a 20% profit on the cost price (CP) of an item bought for ₹80.
Profit Calculation
Profit is calculated as a percentage of the cost price.
- Cost Price (CP) = ₹80
- Desired Profit Percentage = 20%
The profit amount is calculated using the formula:
Profit Amount = Profit Percentage $\times$ Cost Price
Profit Amount = $20\% \times ₹80$
Profit Amount = $\frac{20}{100} \times 80$
Profit Amount = $0.20 \times 80 = ₹16$
Selling Price Determination
The selling price is the sum of the cost price and the desired profit amount.
Selling Price (SP) = Cost Price (CP) + Profit Amount
SP = $80 + 16$
SP = $₹96$
Therefore, the shopkeeper should sell the item for ₹96 to make a 20% profit.
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By selling an article for Rs. 2,200, a profit of 10% is earned. If the same article is sold for Rs. 2,600, then what will be the gain percentage?
By selling an article for Rs. 640, a person loses 15% of its selling price. At what price (in Rs.) should he sell it to gain 15% on its cost price?
The selling prices of articles A and B are the same. A is sold at a profit of 28 percent and B is sold at a loss of 24 percent. If the total selling price of the both articles is Rs. 48640, then what is the cost price of A and B, respectively ?
The cost price of an article is Rs. 2800. Profit as a percentage of selling price is 20 percent. What is the actual profit (in Rs.) ?
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