## FINDING SELLING PRICE WORKSHEET

Finding selling price worksheet :

Here we are going to see some practice questions on finding selling price.

## Finding selling price worksheet - Practice questions

(1)  A men buys a color T.V set for \$15200 and sells it at a loss of 20%. What is the selling price of the T.V set?

(2)  Find the S.P. if a profit of 5% is made on

(i) a bicycle of \$ 700 with \$ 50 as overhead charges.

(ii) a computer table bought at \$1150 with \$50 as transportation charges.

(iii) a vehicle bought for \$2560 and an expense of \$140 on repair charges.

(3)  David purchased a house for \$1775000 and spent \$125000 on its interior decoration. He sold the house to make a profit of 20%. Find the S.P. of the house.

## Finding selling price worksheet - Solution

Question 1 :

A men buys a color T.V set for \$15200 and sells it at a loss of 20%. What is the selling price of the T.V set?

Solution :

Loss is 20% of the cost price

Selling price of color TV  =  15200

Selling price  =  [(100 - loss %) / 100] ⋅ Cost price

=  [ (100 - 20) / 100 ] ⋅ 15200

=  (80/100) ⋅ 15200

=  12160

Hence selling price of TV is 12160.

Question 2 :

Find the S.P. if a profit of 5% is made on

(i) a bicycle of \$ 700 with \$ 50 as overhead charges.

(ii) a computer table bought at \$1150 with \$50 as transportation charges.

(iii) a vehicle bought for \$2560 and an expense of \$140 on repair charges.

Solution :

Cost of bicycle  =  \$700

Total cost price of bicycle  =  700 + 50  =  750

Profit  =  5%

Selling price  =  [(100 + profit %) / 100] ⋅ Cost price

=  [ (100 + 5) / 100 ] ⋅ 750

=  (105/100) ⋅ 750

=  787

Hence selling price of bicycle is 787.

(ii)  Cost of computer table  =  \$1150

Cost price of table  =  1150 + 50

=  1200

Selling price  =  [(100 + profit %) / 100] ⋅ Cost price

=  [ (100 + 5) / 100 ] ⋅ 1200

=  (105/100) ⋅ 1200

=  1260

(iii)  Cost of vehicle  =  \$2560

Cost spent for repair  =  \$140

Cost price of table  =  2560 + 140

=  2700

Selling price  =  [(100 + profit %) / 100] ⋅ Cost price

=  [ (100 + 5) / 100 ] ⋅ 2700

=  (105/100) ⋅ 2700

=  2835

Question 3 :

David purchased a house for \$1775000 and spent \$125000 on its interior decoration. He sold the house to make a profit of 20%. Find the S.P. of the house.

Solution :

Purchasing price of house  =  \$1775000

Cost spent for interior decoration  =  \$125000

Cost price  =  1775000 + 125000

=  1900000

Profit  =  20%

Selling price  =  [(100 + profit %) / 100] ⋅ Cost price

=  [(100 + 20) / 100] ⋅ 1900000

=  [120 / 100] ⋅ 1900000

=  \$2280000

Hence the selling price of the house is \$2280000.

After having gone through the stuff given above, we hope that the students would have understood "Finding selling price worksheet".

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