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

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.

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