(6) A furniture merchant purchased furniture for 23,000 and spent 2000 as transportation charges. If he wants to make 4% profit, what would be selling price of furniture ?
Answers
Answer:
Answer: $26,000
Step-by-step explanation:
Given:
Purchase price (PP) = $23000
Transportation Charges (TC) = $2000
Profit Percent = 4%
Calculate the total cost price.
CP = PP + TC
= 23000 +23000+2000
= $25000
Calculate the Profit.
\begin{gathered}\begin{aligned}\text{Profit percent}&=\frac{\rm{Profit}}{CP}\times100\\4&=\frac{\rm{Profit}}{25000}\times100\\\rm{Profit}&=4\times\frac{25000}{100}\\&=1000 \end{aligned}\end{gathered}
Profit percent
4
Profit
=
CP
Profit
×100
=
25000
Profit
×100
=4×
100
25000
=1000
Calculate the selling price.
\begin{gathered}\begin{aligned}\text{Profit}&=SP-CP\\\$1000&=SP-\$25000\\SP&=\$1000+\$25000\\&=\$26000 \end{aligned}\end{gathered}
Profit
$1000
SP
=SP−CP
=SP−$25000
=$1000+$25000
=$26000
Step-by-step explanation:
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Answer:
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