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.
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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!
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