QUESTION

# If the cost of an item is Rs. 50 and it was sold with the profit of 12%. Then what will be the selling price of the item ?

Hint:- Let us find the profit amount of the item by using percentage formula which states that A% of B is calculated as $\dfrac{A}{{100}} \times B$, adding this profit money to the cost price will give us the selling price.

As we know that according to the percentage formula it states that A% of B is written as $\dfrac{A}{{100}} \times B$
So, profit = $\dfrac{{12}}{{100}} \times 50$ = Rs. 6