A shopkeeper sold an item at a profit of 25%. If the cost price was $200, what was the selling price?$250$220$300$275
Question
A shopkeeper sold an item at a profit of 25%. If the cost price was 250300$275
Solution
The selling price of the item can be calculated using the formula:
Selling Price = Cost Price + Profit
Given that the profit is 25% of the cost price, we can calculate the profit as follows:
Profit = 25/100 * Cost Price Profit = 25/100 * 50
Now, we can calculate the selling price:
Selling Price = Cost Price + Profit Selling Price = 50 Selling Price = $250
So, the selling price of the item was $250.
Similar Questions
20) In a certain store, the profit is 320% of the cost. If the cost increases by 25% but the selling price remains constant, approximately what percentage of the selling price is the profit?
Select the correct answerIn a shop, the profit is 320% of the cost. If the cost increases by 25% but the selling price remains constant, find out approximately what percentage of the selling price is the profit?Options100%250%70%30%
If a store sells an item for $200, making a loss of 20%, what was the cost price of the item?Choices:- $240 $250 $260 $27
A shopkeeper sold goods for Rs. 2000 at a profit of 25%. Find the cost price for the shopkeeper.
A shopkeeper sold an article for Rs. 2500. If the cost price of the article is 2000, find the profit percent.23%25%27%29%
Upgrade your grade with Knowee
Get personalized homework help. Review tough concepts in more detail, or go deeper into your topic by exploring other relevant questions.