Question

A shopkeeper purchases a T.v for Rs 12, 150 and spent Rs 350 on transportation and insurance if he wants to make a profit of 16 % for how much should he sell the tv?

Answer 1

Answer:

Rs.14,500

Step-by-step explanation:

CP = Rs.12,150

Overheads = Rs.350

Actual CP = Rs.12,150 + 350 = Rs.12,500

Profit = 16%

Hence, SP = 116% of CP = 116/100 × 12,500 = Rs.14,500