Question

A shopkeeper sells a refrigerator at cost price of Rs 15000 with a profit of 20%. Find the price at which customer has purchased it. Also find profit gained by the shopkeeper.

Answer 1

Cost price = Rs 15000
Profit percent = 20%
Profit = cost price $\times$ profit percent $\times$ 100
$\text{Profit}=15000\times \frac{20}{100}$
Profit = Rs 3,000
Selling price = cost price + profit
= Rs 15000 + Rs 3,000
= Rs 18,000
So, the amount payed by customer to the shopkeeper = Rs 18,000.