Question

6. Meena bought 2 chairs for * 3650. She spent 150 on sprucing them up. If she wants to make a profit of 12%, what should be the selling price of each chair?​

Answer 1

Answer:

Cost price of two chairs = 3650

On repairing amount spent = 150

So effective cost price = 3800

For profit of 12% selling price should be

SP= CP(1 + 12/100)

= 3800(1 + 3/25)

= 3800(28/25)

= 152*28

= Rs 4256