Practice Problems on Selling Price Formula
Q1: A shopkeeper buys a bicycle for Rs. 2500 and sells it at a profit of 20%. Calculate the selling price of the bicycle.
Q2: A mobile phone originally priced at Rs. 15,000 is sold at a discount of 10%. Find the selling price of the mobile phone after the discount.
Q3: A laptop is sold for Rs. 40,000 at a profit of 25%. What was the cost price of the laptop?
Q4: A pair of shoes is sold for Rs. 1800, resulting in a loss of 10%. Find the cost price of the shoes.
Q5: A watch is sold at Rs. 900, making a profit of 20%. Find the cost price of the watch.
Selling Price Formula
Selling Price Formula: Selling price is defined as the amount a customer pays for a product or service. Every day we purchase one thing or the other, and every product has a certain price. So, the price that we pay to the seller to buy the product is called the “selling price,” whereas the amount at which the product is bought by the seller is known as the “cost price.”
How to Calculate Selling Price: First, calculate the total cost of purchasing all units. Then, divide this total cost by the number of units bought to determine the cost price per unit. Next, utilize the selling price formula, which is SP = CP + Profit Margin, to determine the final price. Add the profit margin to the cost price to determine the appropriate selling price for the commodity.
This article provides in-depth on Selling Price Formula, and how to calculate the selling price from cost price and profit.
Table of Content
- What is Selling Price?
- Selling Price Formula
- Selling Price Formula with Profit Percentage
- Selling Price Formula with Loss Percentage
- Difference Between Selling Price and Cost Price
- Cost Price
- Marked Price (MP) and Discount
- Selling Price Formulas
- Solved Examples on Selling Price Formula
- Practice Problems on Selling Price Formula