anuja purchased a second hand refrigerator for 9800 she spent 600 on its repair and sold it at a profit of 8% find the SP of the refrigerator and the amount of money she gained
Answers
Anuja purchased a refrigerator for Rs.9800
i.e Cost price= Rs.9800
Amount she spent for its repair= Rs.600
i.e Total Cost price= Rs.9800+Rs.600
Total Cost price=Rs.10,400
Also given that she sold it at a profit of 8%
Profit= P%/100 * C.P
=8/100*10,400
Therefore, Profit=Rs.832
We know that Selling Price (S.P)= C.P+ P
= 10,400+ 832
=Rs.11,232
Therefore, S.P of the refrigerator is Rs.11,232.
Hope this was helpful :)
Answer:
First, find the total cost price of the refrigerator by adding the purchase price and the amount spent on its repairs. Now, apply the profit percent formula, SP−CPCP×100, where SP is the selling price and CP is the cost price. Substitute the values in the formula and do simplification to get the desired result.
Complete step-by-step solution:
Given: - Anuja buys a second-hand refrigerator for Rs 9800.
Spent on its repair = Rs. 600
Then, the total price spent on the refrigerator is,
⇒9800+600=10400
Now, the profit of selling the refrigerator is 8%.
Let the selling price of the refrigerator be Rs x.
As we know, the profit percent can be calculated by the formula,
P%=SP−CPCP×100
Where P% is the profit percent.
SP is the selling price.
CP is the cost price.
Substitute the values in the formula,
⇒8=x−1040010400×100
Cancel out the common factors,
⇒8=x−10400104
Cross multiply the terms,
⇒832=x−10400
Move the constant part on the other side,
⇒x=832+10400
Add the terms on the right side,
∴x=11232
Now, the amount of money she gained can be calculated by subtracting the total cost price from the selling price.
P=SP−CP
Substitute the values,
⇒P=11232−10400
Subtract the values,
⇒P=832