The cost price of an article is ₹20,000 and ₹500 was spent on transportation. If the article is sold at 15% profite. Calculate the selling price
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Answer:
It is given that
Cost of an article =Rs.20000
Cost of its repair =Rs.1400
So the total cost =20000+1400=Rs.21400
Profit = 20%
We know that
S.P.=[C.P×(100+profit%)]/100
Substituting the values
=[21400×(100+20)]/100
By further calculation
=(21400 × 120)/100
=Rs.25680
Step-by-step explanation:
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