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Q.

Find the selling price when the cost price is Rs. 875 and the profit percentage is 5%.

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a

Rs. 915.25

b

Rs. 918.75

c

Rs. 818.75

d

Rs. 718.75

answer is B.

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Detailed Solution

detailed_solution_thumbnail

Given: CP = Rs. 875

Profit % = 5%

SP =?

By using the formula,

Profit%=SP-CPCP×100

5=SP-875875×100

100SP-87500=4375

100SP=91875

SP=918.75

Hence, the selling price is Rs. 918.75.

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