2. Ramesh buys an old T.V. set for Rs. 5000 and spent Rs. 500 for its repairing and he wants to sell
it at a profit of 12 %. Find the price at which he should sell the set.
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Answer:
Total cost to Ramesh = 5000 +500 = 5500.
Sale price with 12% profit = (100 + 12)/ 100 * total cost = 1.12 * 5500 = 6160.
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