i need this answer please
Answers
Given : Kusumtai bought 80 cookers at ₹ 700 each
Money spent on cookers = (80 × 700) = ₹ 56000
Given : Transport cost her ₹ 1280
We need to note that : Transportation costs are included in the Cost Price of the Cookers. Because we are spending money to transport them from the respective store to our store.
Total money spent on cookers :
★ Money spent on cookers + Transportation costs involved
Total money spent on cookers = ₹ 56000 + ₹ 1280
Total money spent on cookers = ₹ 57280
Cost Price of Cookers = ₹ 57280
Given : Kusumtai wants a Profit of ₹ 18000
★ We know that : Profit = Selling Price - Cost Price
Selling Price - 57280 = 18000
Selling Price = 57280 + 18000
Selling Price = 75280
This Selling Price is the Selling Price of 80 Cookers
Selling Price of each Cooker = 941
Answer : Selling Price per each Cooker = ₹ 941
Kusumtai should sell each cooker at Rs.941 to get a Profit of Rs.18000
Kusumtai bought = 80 cookers at Rs.700 each.
Transportation cost = Rs.1280
Profit required = Rs.18000
The Selling Price per cooker
Money Required to buy the cookers =
80 × 700
56000
Overheads = Transport money = Rs.1280
Total Cost Price = 56000 + Overheads
56000 + 1280
57280
Selling Price to get Rs.18000 as profit.
As we know :-
When it is a Profit, SP > CP
18000 = SP - 57280
SP = 57280 + 18000
SP = 75280
Cost of each cooker =
75280 ÷ 80
941
Kusumtai should sell each cooker at Rs.941 to get a Profit of Rs.18000