Question

Rishi bought an almirah for ₹ 6,250 and spent ₹375 on it's repairs. Then he sold at for 4 % profit. Find S.P of
find s.p of the almirah.​

Answer 1

Answer:

Interesting sum!

A cost price includes all outlays that are required for production, including property costs, materials, power, research and development, testing, worker wages and anything else that must be paid for.

Thus, the cost price of the almirah includes the repair price too!

∴ CP of almirah = 6250+375 = ₹6625

Then, he sold it at a 4% profit.

I reckon you should know this formula:

$SP=(\frac{100+gain\%}{100} )\times CP$

Substitute the values:

$SP=(\frac{100+4}{100} )\times 6625$

SP = 6890₹.

THUS, THE S.P OF THE ALMIRAH IS 6890₹.

HOPE THIS HELPS :D