Find the selling price of a jacket whose cost price is. 1080 with prof

1.	Find the selling price of a jacket whose cost price is. 1080 with profit 6%
Answer» Selling price of a jacket is Rs 1144.8 . Step-by-step EXPLANATION: We have to find the selling price of a jacket whose cost price is Rs 1080 with profit 6%. Let the cost price of jacket be C.P. = Rs 1080 and Selling price of jacket be S.P. Since, we know that profit is ALWAYS calculated on the cost price, so we will find the profit in monetary terms. Profit % formula is given by = $\frac{\text{Profit}}{C.P.}\times 100$ So, 6 = $\frac{\text{Profit}}{C.P.}\times 100$ 6 = $\frac{\text{Profit}}{1080}\times 100$ Profit = $\frac{1080 \times 6}{100}$ = $\frac{6480}{100}$ = Rs 64.8 Hence, AMOUNT of profit on selling of jacket is Rs 64.8. *Now, when there is a profit, then;* Selling Price (S.P.) = Cost price (C.P.) + Profit = Rs 1080 + Rs 64.8 = Rs 1144.8 Therefore, the selling price of a jacket whose cost price is Rs 1080 with profit 6% is Rs 1144.8.

Find the selling price of a jacket whose cost price is. 1080 with profit 6%

Answer»

Step-by-step EXPLANATION:

We have to find the selling price of a jacket whose cost price is Rs 1080 with profit 6%.

Let the cost price of jacket be C.P. = Rs 1080

and Selling price of jacket be S.P.

Since, we know that profit is ALWAYS calculated on the cost price, so we will find the profit in monetary terms.

Profit % formula is given by = $\frac{\text{Profit}}{C.P.}\times 100$

So, 6 = $\frac{\text{Profit}}{C.P.}\times 100$

6 = $\frac{\text{Profit}}{1080}\times 100$

Profit = $\frac{1080 \times 6}{100}$

= $\frac{6480}{100}$ = Rs 64.8

Hence, AMOUNT of profit on selling of jacket is Rs 64.8.

Now, when there is a profit, then;

Selling Price (S.P.) = Cost price (C.P.) + Profit

= Rs 1080 + Rs 64.8

= Rs 1144.8

Therefore, the selling price of a jacket whose cost price is Rs 1080 with profit 6% is Rs 1144.8.