A ALMIRAH WAS BROUGHT FOR R.S 2350 AND SPENT150 ON ITS TRANSPORTATION . AT WHAT PRICE SHOULD IT SOLD TO HAVE A GAIN OF 15% (NEED URGENTLY FOR EXAM)
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cost price of the almirah = Rs 2350---(1)
transportation charges = Rs 150 ----(2)
total cost price = cp = (1) +(2) = 2350 +150 = Rs2500
gain = g= 15%
selling price (sp ) = cp (100+g)/100
= 2500 (100+15) /100
= (2500*115) /100
= 25 * 115
= Rs 2875
transportation charges = Rs 150 ----(2)
total cost price = cp = (1) +(2) = 2350 +150 = Rs2500
gain = g= 15%
selling price (sp ) = cp (100+g)/100
= 2500 (100+15) /100
= (2500*115) /100
= 25 * 115
= Rs 2875
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