Question

A retailer buys an air-cooler for Rs 12000 and overhead expenses on it are
Rs 400. If he sells the cooler for a profit of 20%, then find the selling price?

Answer 1

Step-by-step explanation:

Cost price of cooler= Bought price+overhead expanses

Hence, CP=Rs. (1200+40)=Rs. 1240

SP=Rs. 1550.

Since, SP>CP, so retailer get profit.

Profit=SP−CP=1550−1240=Rs. 310

Profit(%)=

CP

profit

×100=

1240

310

×100=25%