Calculating Selling Price

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


For calculating selling price, we add profit to the cost price or subtract loss from the cost price.

S.P. = C.P. + Profit

or, S.P. = C.P. - Loss


Solved Examples on Calculating Selling Price:

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.


3. Nairitee bought jewellery item for $ 160. She sold it at a loss of $ 25. Find the selling price of the jewellery item.

Solution:

C.P. of the jewellery item = $ 160

                             Loss = $ 25

                              S.P. = C.P. - Loss                     

                                    = $ 160 - $ 25

                                    = $ 135

For more details please visit Calculate Selling Price using Cost and Profit Percent and Calculate Cost Price using Sell Price and Profit Percent.

Worksheet on Calculating Selling Price

1. Find the selling price in each case.

(i) C .P. = $ 90; Profit = $ 80

(ii) C .P. = $ 550; Loss = $ 50

(iii) C .P. = $ 965; Profit = $ 45

(iv) C .P. = $ 2325; Loss = $ 125

(v) C .P. = $ 2438; Loss = $ 340

(vi) C .P. = $ 3000; Profit = $ 421

(vii) C .P. = $ 7843; Profit = $ 299

(viii) C .P. = $ 4093; Loss = $ 97


Answer:

1. (i) Selling price = $170

(ii) Selling price = $500

(iii) Selling price = $1010

(iv) Selling price = $2200

(v) Selling price = $2098

(vi) Selling price = $3421

(vii) Selling price = $8142

(viii) Selling price = $3996

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