The price at which a customer pays to buy a product is a selling Price.

We can very well see today the many cases when we must calculate or compare things in "percent". Most times, it seems to be about the sales or buying of items.We use the selling price for an article by selling it at a certain cost and it may be calculated by using a selling price formula.

Selling Price Formula

SP = {(100 + Gain %)/100} x CP

SP = [(100 – Loss %)/100] × CP

SP = CP + Profit

SP = CP – loss

Where,

CP -cost price

SP -selling price

If,

SP > CP = Gain

And, CP > SP = Loss

Solved Example

Q: A seller sells a washing machine at a cost price of Rs 15000 with a profit of 20%. Calculate the selling price. And also, find profit earned by the shopkeeper .

Solution:

C.P = Rs 15000

Profit % = 20%

Profit = C.P x profit %

Profit = 15000 X 20/100

Profit = Rs 3,000

Selling price = Profit + C.P

= Rs 3000 + Rs 15,000 

= Rs 18,000

So, amount payable by the customer to seller = Rs 18,000

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