3. Finding SP When CP and Profit % are Given

 

3. Finding SP When CP and Profit % are Given

Type 1:
Example 3: The cost price of a product is ₹400, and the profit is $20\%$. Find the selling price.
Solution:

$$SP = CP + (\text{Profit\%} \times CP) = 400 + \frac{20}{100} \times 400$$ $$SP = 400 + 80 = 480$$

Answer: ₹480