Question

the cost of an article was 40000.₹1000 was spent for repair. if it is sold for a profit of 10% find the selling price.pls give me the right answer.​

Answer 1

Answer:

₹45,100 is the selling price of the article.

Step-by-step explanation:

Given:

• Cost price of the article (C.P) = ₹40,000

• Overhead costs (amount spent on repair) = ₹1,000

• Profit % = 10%

To find:

• Selling price (S.P)

Method to find:

First, we need to find the total cost price.

Total C.P = C.P + Overhead costs

⇒ Total C.P = 40,000 + 1,000

⇒ Total C.P = 41,000

Now, we can find the selling price.

S.P = (100 + Profit%)/100 * C.P

⇒ S.P = (100 + 10)/100 * 41,000

⇒ S.P = 110/100 * 41,000

⇒ S.P = 45,100

Hope it helps!