Ameena bought a microwave for Rs. 4400 and spent Rs.400 on its transportation. At what price should she sell to gain 12%

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Solution

Dear student,

$C o s t P r i c e o f m i c r o w a v e = R s 4400 M o n e y s p e n t o n t r a n s p o r t a t i o n = R s 400 T o t a l C o s t P r i c e = R s 4400 + R s 400 = R s 4800 G a i n = 12 % N o w, G a i n % = \frac{G a i n}{C P} \times 100 G a i n % = \frac{S P - C P}{C P} \times 100 P u t t i n g t h e v a l u e s 12 = \frac{S P - 4800}{4800} \times 100 \Rightarrow 12 \times 48 = S P - 4800 \Rightarrow 576 = S P - 4800 \Rightarrow S P = 4800 + 576 \Rightarrow S P = R s 5376 T h u s, A m e e n a s h o u l d s e l l a t R s 5376 t o g e t a g a i n o f o f 12 %$
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