Question

A lawn mower was bought at Rs 1400. Then Rs 100 was spent on transportation. Then it is sold at a profit of 4%. Find its selling price. ​

Answer 1

Answer -

• The selling price of the lawn mower = Rs 1560.

To find -

• The selling price of the lawn mower.

Step-by-step explanation -

Before finding the selling price of the lawn mower, let's find the total money spent on it!

Given that -

• Money spent on purchasing the lawn mower = Rs 1400.
• Money spent on it's transportation = Rs 100.

Therefore -

$\bf \leadsto Total \: CP = 1400 + 100$

$\bf \leadsto Total \: CP = Rs \: 1500$

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• Now, let's find the selling price of the lawn mower!

We know that -

$\bigstar \: \underline{\boxed{\sf SP = \dfrac{CP \: (100 + Profit \: \%)}{100}}}$

Where -

• SP = Selling price.
• CP = Cost price.

Here -

• Cost price = Rs 1500.
• Profit % = 4%.

Therefore -

$\longmapsto \tt SP = \dfrac{1500 \: (100 + 4)}{100}$

$\longmapsto \tt SP = \dfrac{1500 \: (104)}{100}$

$\longmapsto \tt SP = \dfrac{1500 \times 104}{100}$

$\longmapsto \tt SP = \cancel{\dfrac{156000}{100}}$

$\longmapsto \tt SP = Rs \: 1560$

Hence -

• The selling price of the lawn mower = Rs 1560.

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