Question

she had bought it lat.
Monika bought an antique painting for
60,000. She spent some amount on
restoring the painting. She then sold the
painting for 72,080 making a profit on
6%. Find the amount spent on restoring the
painting​

Answer 1

Answer:

Rs. 8000

Step-by-step explanation:

Cost Price of Painting = 60000

Let Extra Amount spent = x  

Total Cost of Painting = 60000 +  x

Selling price of Painting = 72080

Profit % = 6 %

SP = CP * (100 + Profit%) / 100

72080 = (60000+x) (106)/100

60000+ x = 72080 * 100/106 = 68000

x = 68000 - 60000 = Rs. 8000

Amount spent on restoration = Rs. 8000.