Vivekbhai bought a TV for ₹ 16,000. ₹ 200 was spent on transportation and labour. For earning 12 % profit, what price should it be sold?
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18, 144 will be the answer
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For earning 12 % profit , TV should be sold at Rs 18144
Step-by-step explanation:
Vivekbhai bought a TV for ₹ 16,000. ₹ 200 was spent on transportation and labour.
Cost Price of TV = Rs 16000
Transportation & Labour cost = Rs 200
Effective cost price of TV = 16000 + 200 = Rs 16200
Profit = (profit % /100) * Cost Price
12 % Profit = (12/100) * 16200 = RS 1944
Selling Price = Cost Price + Profit
=>Selling Price = 16200 + 1944 = Rs 18144
TV should be sold at Rs 18144
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