Question

Challenge!!
Sanjay purchased 125 stools at the rate of Rs.120 per stool. The transport expenditure was Rs. 250. He paid octroi at the rate of Rs.2 per stool and coolie charges where Rs.250. What should be the selling price of each stool, if he wants a profit of 10% ?
please send me full equation
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Answer 1

Step-by-step explanation:

ANSWER

Let x be the selling price of each stool.

Cost of 1 stool = Rs.120

Transport expenditure for 125 stools = Rs.250

250

+ Transport expenditure for 1 stool Rs.2

125

Amount paid to octroi per stool = Rs.2 Coolie charge for 125 stools Rs.250

250

+ Coolie charges for 1 stool = Rs.2 125 Total money spent for 1 stool = 120 +2 +2+2=

Rs.126

For 10% profit,

x= 126 +

10

100 x 126 = 126 + 12.6 = 138.6

Hence the selling price of each stool should be Rs.138.6 to get 10% profit.