Question

Rakesh paid RS. 16,000 for a cell phone. He sold the cell phone for 15% profit after 3 months. Find the selling price and profit amount of the cell point

Answer 1

Given :

Cost price of the cell phone : ₹16000

Profit percentage : 15%

To find :

The selling price and the profit amount of the cell phone.

Solution :

First, let's find the selling price of the cell phone.

Selling price of the cell phone :

${\sf \dashrightarrow \dfrac{(100 + Profit \%)}{100} \times CP}$

${\sf \dashrightarrow \dfrac{(100 + 14)}{100} \times 16000}$

${\sf \dashrightarrow \dfrac{114}{100} \times 16000}$

${\sf \dashrightarrow \dfrac{57}{50} \times 16000}$

${\sf \dashrightarrow \dfrac{57 \times 16000}{50} = \dfrac{912000}{50}}$

${\sf \dashrightarrow \cancel \dfrac{912000}{50} = 18240}$

Now, let's find the profit amount of the cell phone.

Profit amount :

${\sf \dashrightarrow 15\% \: of \: 16000}$

${\sf \dashrightarrow \dfrac{15}{100} \times 16000}$

${\sf \dashrightarrow \dfrac{3}{20} \times 16000}$

${\sf \dashrightarrow \dfrac{3 \times 16000}{20} = \dfrac{48000}{20}}$

${\sf \dashrightarrow \cancel \dfrac{48000}{20} = 2400}$

Hence, the selling price and profit amount are 18240 and 2400 rupees respectively.