Question

A computer was bought for ₹24,650. At what price should it be sold to have a profit of
16%?

Answer 1

Answer:

Let the selling price of the article be Rs.x.

Cost price of the article =Rs.1215

Money spent on transporting =Rs.35

Therefore,

Total cost price of the article =1215+35=Rs.1250

Now according to the question-

x=1250+16% of 1250

x=1250+

100

16

×1250

⇒x=1250+200=1450

Hence to gain 16%, he should sell the article for Rs.1450.