5. For what sum a scooter costing 16,000 should be sold to profit 12.5%
Answers
Answered by
3
Answer:
sale= cost+ price
16000=12%+ price
price = 16000-1920=14080
hope it was helpful to you guys
Answered by
17
Answer:
we have: C.P.=16,000 & gain%=12.5
To find SP, below is the formula
Selling Price: (S.P.)
SP =(100 + Gain %) ÷ 100 x C.P.
According to formula and question,
S.P.=(100+12.5) ÷ 100 × 16,000 = 18,000
so, the scooter should be sold at Rs 18,000 to gain 12.5% profit.
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