An almirah was bought for 14,360 and 240 was spent on its transportation. At what price should it be sold to gain 15%?
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Answer:
Rs.16790
Step-by-step explanation:
Cost of almirah = Rs.14360
Transportation cost = Rs.240
Total cost = 14360+240 = Rs.14600
Required profit = 15% of 14600 = × = 15×146 = Rs.2190
Selling price = 14600 + 2190 = Rs.16790
∴ The almirah should be sold at Rs.16790 to gain 15%.
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