Question

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

Answer 1

Answer:

cost price = 20000+ 1400= 21400 Rs

profit% = 20%

Selling price= cost price + profit%/100 * cost price

i.e. Selling price of the article is =

21400 + 20/100*21400

=21400 + 4280

=25680rs