Question

Vivekbhai bought a TV for Rs.16,000. Rs.200 was spent on transportation and labour. For earning 12 % profit, what price should it be sold ?

Answer 1

Vivkebhai bought a TV = 16,000 Rs.
transportation and labor price = 200 Rs.
∴ now C.P = 16,000 + 200 = 16,200 Rs.

for earning 12% profit, Let selling price = X Rs.
X = C.P + 12% of C.P
= 16,200 + 12 × 16,200/100
= 16,200 + 12 × 162
= 16,200 + 1,944
= 18,144 Rs.

hence, selling price of TV will be 18,144 Rs.

Answer 2

Acc to the question, Vivekbhai bought a TV for Rs.16,000. Rs.200 was spent on transportation and labour.

Total cost of the TV = Rs 16,000 + Rs 200 = Rs 16,200.

Let the selling price be Rs x.

Then profit = Rs (x - Total cost of the TV = Rs 16,000 + Rs 200 = Rs 16,200).

Profit % = [(x - 16,200) * 100 ] / 16,200

or, 12 = [(x - 16,200) * 100 ] / 16,200

or, 1,94,400 = 100x - 1620000

or, 100x = 18,14,400.

or, x = Rs 18,144.

Therefore, for earning 12 % profit, the TV should it be sold at Rs 18,144.