Question

Anuja purchased a second hand refrigerator for rs 9800 she spent Rs 600 on its repairs and sold it at a profit of 8%. Find the selling price of the refrigerator and the amount of money she gained

Answer 1

Total cost price (C.P) = Rs (9800+600) = Rs 10400

profit = $\frac{S.P-C.P}{C.P}\times 100\Rightarrow \frac{8}{100}=\frac{S.P}{C.P}-1\Rightarrow S.P=C.P\left(\frac{108}{100}\right)$

$=\frac{10400\times 108}{100}=11232$ ; profit = 11232-10400= Rs 832