Question

Vikas purchased a scooter for rs. 4800 and spent 20% of the cost on its repair.if he want to earn rs. 1440 as net profit on it, how much %should he add to the purchase price of the scooter?

Answer 1

Answer:

50%

Step-by-step explanation:

Vikas purchased a scooter for Rs. 4800 and 20% of the cost are spent on its repair.

So, the total cost becomes $4800( 1 - \frac{20}{100}) = 4800 \times 1.2 = 5760$ Rs.

Now, he wants to get Rs. 1440 as net profit on the scooter.

So the selling price of the scooter is Rs. (5760 + 1440) = Rs. 7200

Therefore, Rs. (7200 - 4800) = Rs. 2400 has to be added to the purchase price to get Rs. 1440 as net profit.

So, the % to be added with the purchase price is $\frac{2400 \times 100}{4800} = 50$% (Answer)