The cost of a mobile phone was Rs 6890. Later, Rs 560 was spent on its repair. If it is now sold for a profit of 8%, find the selling price of the mobile phone.
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Selling price = Rs 8046
Step-by-step explanation:
Given:
Cost of the mobile phone = ₹6890
Cost of repairs = ₹560
Total CP = ₹6890 + ₹560 = Rs 7450
Gain % = 8 %
To find SP ,
Gain% = (gain÷CP) x 100
Gain = ( gain% x CP ) ÷ 100
= ( 8 x 7450) ÷ 100
Gain = Rs 596
Gain = SP - CP
SP = gain + CP
= 596 + 7450
SP = Rs 8046
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