AFCAT Model Paper 6

Given:
Selling Price (SP) = Rs. 198
Profit percent (P%) = 10%
Profit percent (P%) = 25%
Concept:
Basics of profit and loss and the relationship between marked price and cost price
Formula Used:
SP=CP×

100± P L

100

Calculation:
SP=CP×

100+10

100

⇒ CP = 180
Now, if shopkeeper wants profit of 25% then, selling price must be
⇒ SP=180×

100+25

100

⇒ S.P = Rs. 225
∴ The selling price of the cake is Rs. 225.