Question

15. Mitha buys a TV for Rs 12000 and sells it at a profit of 20%. Find her Selling price​

Answer 1

Answer:

Selling price = Rs.14,400

Step-by-step explanation:

CP = Cost Price

SP = Selling Price

P = Profit = SP - CP

P% = Profit%

We know that

P% = 100*(P/CP)

      = 100*((SP - CP)/CP)

On simplifying, we get:

SP/CP = 1 + (P%/100)

SP = CP*(1 + (P%/100))

Now, CP = 12000, P% = 20

=> SP = 12000*(1 + (20/100))

          = 12000*(1 + 0.2)

          = 12000*1.20

          = 14400

Selling price of TV = Rs.14,400

Simple explanation:

Mitha makes a 20% profit. This means that she has sold it for 20% more than what it cost her. We are given that her CP = Rs.12,000. She has therefore sold it for 20% more. Her selling price is therefore:

CP + 20% of CP

= 12000 + 0.20*12000

= 12000 + 2400

= 14400

= 12000 + 2400

= 14400

Answer 2

Hope that’s helpful
All the best!!!