Find the selling price, if :
C.P. = Rs 950 and profit = 8%

Answer

To find the selling price (SP) when the cost price (CP) is Rs 950 and the profit is 8%, we can follow these steps:

### Step 1: Understand the formula for Selling Price
The formula to calculate the Selling Price when the Cost Price and profit percentage are known is:
\[ SP = \left( \frac{100 + \text{Profit Percentage}}{100} \right) \times CP \]

### Step 2: Identify the values
From the question, we have:
- Cost Price (CP) = Rs 950
- Profit Percentage = 8%

### Step 3: Substitute the values into the formula
Now, we can substitute the values into the formula:
\[ SP = \left( \frac{100 + 8}{100} \right) \times 950 \]

### Step 4: Simplify the expression
Calculate \(100 + 8\):
\[ SP = \left( \frac{108}{100} \right) \times 950 \]

### Step 5: Convert the fraction to a decimal
Now, convert \(\frac{108}{100}\) to a decimal:
\[ SP = 1.08 \times 950 \]

### Step 6: Perform the multiplication
Now, we will multiply:
\[ SP = 1.08 \times 950 = 1026 \]

### Final Answer
Thus, the Selling Price (SP) is Rs 1026.

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