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RD Sharma Solutions Class 7 Mathematics Solutions for Profit and Loss Exercise 12.1 in Chapter 12 - Profit and Loss

Question 11 Profit and Loss Exercise 12.1

A business man makes a 10% profit by selling a toy costing him Rs 120. What isthe selling price?

Answer:

CP = Rs. 12

Profit % = 10

We now that

SP = {(100 + profit %) /100} x CP = {(100+ 10)/100} x 120

= {(110/100)} x 120 = 1.1 x 120

Video transcript
"Hey kids, welcome to video Q&A video. I am Beneath Your Leader tutor and we are going to solve the question on your screen. A business man makes a 10% profit by selling a toy costing him rupees want to D. What is the selling price? Right so invested in temperature profit and auspices 120 so we know A space that is CP equal to rupees 120 Profit is equal to 10% So David Wallace is on the Palm Springs. So 10% off 120, which is equal to 10,000 rate. Again, if you have been following our videos, you know, this is going to be he's twelve Okay, we also know. Profit is equal to selling price Minus cost price middle of it. You don't notice any price. We have to find the same price and we know the first place now, we are supposed to see you. So we are selling price is about 120 plus 12, which is equal to 130 rupees 130 there for selling price of the toy. These 130. Hey guys, very easy. Yeah, so if you have any question, please leave a comment below. We'll try to get back to you and these like the video and don't forget to subscribe to our Channel and see you in our next video Until then bye kids keep practicing."
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