Question

7. Ajay purchased an old scooter for 10000. He paid 150 for road tax and 100 as licence fee. What
price must he sell it to gain 20%?
(1) * 12300
(2) * 10300
(3) 12000
(4) * 13000
​

Answer 1

Answer:

buying price-10000

road tax-150

license-100

20%sail to gain

totally 13000

Answer 2

Answer:

The selling price will be in order to gain 20% profit is 12300 ..

Step-by-step explanation:

Solution :-

Cost Price of Scooter = Rs10000

He have to paid a road tax of Rs150

He had to pay license fee of Rs100

Total costprice of scooter = Rs10000 + 150 + 100

Total CP of scooter = Rs10250

Now,

We have to find new SP of scooter

As we know that,

Profit = Profit % /100 * CP

The seller wants to gain 20% profit

Therefore,

Profit = 20 / 100 * 10250

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Profit = 2 * 1025

Profit = Rs2050

SP to gain 20% on selling a scooter

= 10250 + 2050

= 12300