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 percent, find the selling price of the article.
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Total CP= 20000+1400=21400
Profit= 20%
= 20/100*21400=4280
SP= CP+P= 21400+4280=25680
Selling price is ₹25680
Profit= 20%
= 20/100*21400=4280
SP= CP+P= 21400+4280=25680
Selling price is ₹25680
Answered by
5
Find the total cost of the item:
Purchased price = Rs 20,000
Repair cost = Rs 1400
Total cost = 20,000 + 1400 = Rs 21,400
Find the selling price:
20% Profit = 20% x 21400 = 0.2 x 21400 = Rs 4280
Selling Price = 21400 + 4280 = Rs 25,680
Answer: The selling price is Rs 25680
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