We will learn how to solve different types of problems on calculating selling price.
Formulas to calculate selling price:
(i) If Cost Price of an article and gain on its selling are given, the Selling Price of the article will be sum of its Cost Price and gain.
Selling Price = Cost Price + Gain
(ii) If Cost Price of an article and loss on its selling are given, the Selling Price of the article will be Cost Price minus loss.
Selling Price = Cost Price – Loss
Solved examples:
1. Lila purchased a chair for $ 257. She spent $ 50 on transportation. She sold it at a profit of $ 120. Find the selling price of the chair.
Cost Price of a chair = $ 257
Transportation = $ 50
Total Cost Price = $ 257 + $ 50
= $ 307
Profit = $ 120
Selling Price = Cost Price + Profit
= $ 307 + $ 120
= $ 427
Selling Price of the chair = $ 427.
2. A moped is bought at $ 15000. At what should it be sold to make a profit of $ 2180?
Cost Price of a moped = $ 15000
Profit made = $ 2180
We know Selling Price = Cost Price + Profit
= $ 15000 + $ 2180
= $ 17180
The moped should be sold at $ 17180.
`5th Grade Math Problems
From Calculating Selling Price to HOME PAGE
Didn't find what you were looking for? Or want to know more information about Math Only Math. Use this Google Search to find what you need.

New! Comments
Have your say about what you just read! Leave me a comment in the box below. Ask a Question or Answer a Question.