Question

A person buys a television for $Rs1200$ and spends $Rs2500$ on its repairs. At what price should he sell the television to gain $6\%$

Answer 1

Total cost price (C.P) $=Rs.1200+2500=Rs.3700$

$\Rightarrow Gain$% $=\frac{S.P-C.P}{C.P}\times 100$ {S.P = selling price }

$\Rightarrow \frac{6}{100}=\frac{S.P}{C.P}-1\Rightarrow S.P=\frac{106}{100}\times 3700$

$\Rightarrow S.P=Rs.3922$