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If the selling price is calculated at a 2% profit, and the cost price is 100, what is the selling price?
  1. 98
  2. 102
  3. 104
  4. 105
Explanation


Given:

- Cost Price (CP) = 100  

- Profit 


Formula:

- Selling Price (SP) = CP × (1 + profit/100)


Steps:

1. Profit amount = (2/100) × 100 = 2  

2. Selling Price = CP + Profit = 100 + 2 = 102  


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