Q. A merchant fixed the selling price of his articles at Rs.700 after adding 40% profit to the cost price. As the sale was very low at this price level, he decided to fix the selling price at 10% profit. Find the new selling price.

• consider cost price=c.p.
  s.p.=Rs.700, profit=40%ofc.p.
  then,40%of c.p.=s.p.-c.p.
  2/5 c.p.=s.p.-c.p.
  7/5c.p.=700
  so, c.p.=100*5=Rs.500
  now at 10% profit selling price will be-
  10%of c.p.=s.p.-c.p.
  1/10*500=s.p.-500
  on solving we get s.p.=500+50=550
  so new selling price=Rs.550
• 10 years agoHelpfull: Yes(4) No(0)
• 700=140/100*c.p
  s.p=110/100*c.p
  solving dis we get
  s.p=550
• 10 years agoHelpfull: Yes(3) No(0)
• With 40% profit selling price was 700(old selling price)
  Then, Cost price would be
  140/100 = 700 = 500(cost price)
  Cost price + profit = Selling price
  500+(500*10/100)50 = 550(new selling price)
• 10 years agoHelpfull: Yes(1) No(0)
• cp is 500 .. so 10% profit would be 50. therefore the selling price is 550.
  
• 10 years agoHelpfull: Yes(0) No(0)
• Let c.p=x Rs.
  Then 40% of x = 2x/5 Rs.
  Therefore s.p= x+2x/5 = 7x/5 Rs.
  Given that, s.p = 700 Rs.
  7x/5=700
  which gives x=500 Rs.
  Now 10% of 500 = 50Rs.
  Therefor New s.p = 500+50=550 Rs.
• 10 years agoHelpfull: Yes(0) No(0)
• price of article will be 500
  at 40 % profit=500+200=700
  so at 10% profit it will be 550
• 10 years agoHelpfull: Yes(0) No(0)
• selling price s.p=c.p+ 40%of c.p
  700=c.p+o.4 c.p
  so c.p=Rs.500
  new s.p=10%of c.p+c.p
  =o.1*500+500=Rs.550 is da answer
  
• 10 years agoHelpfull: Yes(0) No(0)
• ans-550
  s.p=700
  profit=40%
  cp=700*100/140=500
  add 10% profit to 500
  550
• 10 years agoHelpfull: Yes(0) No(0)