Question
Download Solution PDFCost price of a cooler is Rs. 4800. If the profit percentage is 26 percent, then what is the selling price of the cooler?
Answer (Detailed Solution Below)
Detailed Solution
Download Solution PDFGiven:
The cost price of cooler is = Rs. 4800
The profit percentage = 26 percentage
Formula used:
P = SP - CP
Where, P = Profit, SP = Selling price, and CP = Cost price
Calculation:
The cost of cooler is X
The selling price of cooler is = (100% + 26%) × X = 126%X
According to the question
The selling price of the cooler is = \({126\times 4800 \over 100}\ =\ 126 \times 48 =6048\)
∴ The required result will be Rs. 6048.
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