Question

Vairagi bought a table for Rs.450. There is Rs.50 additional expenses on this table. For earning 12 % profit, what should be the sale price?

Answer 1

Acc to the question, Vairagi bought a table for Rs.450.

So, the cost price of the table = Rs 450.

After adding the additional expenses on this table we get the total cost as:

Rs 450 +| Rs 50 = Rs 500.

Let the selling price be Rs x.

Then profit = Rs (x - 500).

Profit % = [(x - 500) * 100 ] / 500

or, 12 = [(x - 500) * 100 ] / 500

or, 6000 = 100x - 50000

or, 100x = 56000.

or, x = Rs 560.

Therefore, for earning 12 % profit, the sale price should be Rs 560.

Answer 2

Dear Student,

Answer: 560 Rupees

Solution:

Total cost of table to Vairagi = 450 + 50

= 500 Rs

To earn 12 % profit.

As we know that profit earns on Cost price.

So, calculate 12% of 500

=( 12* 500)/100

= 60 Rs

To earn 12% profit Vairagi has to sold that table

at = 500 + 60

= 560 Rupees

Hope it helps you.

keep studying.