4 A shopkeeper sells a refrigerator for
22000.00 and make a profit of 10%. If he
desires to make a profit of 18% what should
be his selling price?
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Answer:
SOLUTION
Given:
SP = Rs. 22000
Profit percent = 10%
Formula:
SP = CP × (100 + x)/100
Where x = profit percent
Calculation:
CP = 22000 × 100/110 = Rs. 20000
∴ Desired SP = 20000 × (118/100) = Rs. 23600
Step-by-step explanation:
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