Question

The cost of an article was 20000 and 1400 were spent on its repair if it is sold for profit of 20%,find the selling price of an article

Answer 1

Hey Friend,

Total Cost Price = All money spent on it
= Rs 20000 + Rs 1400
= Rs 21400

Now, its sold for 20% profit,

Profit % = 20
Profit = 20% of CP
= 20/100 × 21400
= Rs 4280

SP = CP + Profit
= Rs ( 21400 + 4280 )
= Rs 25,680

Hope it helps☺!

Answer 2

I hope its help you....