**How to find selling price ?**

Here we are going to see how to find selling price.

**Selling price when there is a profit**

**Selling price when there is a loss**

**Example 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.

**Example 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

Overhead charges = $50

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

Overhead charges = $ 50

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

**Example 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 "How to find selling price".

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