Question

I bought $100$ laptops $Rs.20000$ each and had it transported to my retail store for $Rs.75000.$ What is my selling price per laptop if I make a profit of $5\%$?

Answer 1

Given: Cost Price $=20,000\times 100=20,00,000$

Overhead charges $=Rs.75,000$

Profit $\%=5\%$

Final Cost price $=$ Cost price $+$ overhead charges $=Rs.2000000+75000=Rs.2075000$

Profit $\%$ is given by the formula

Profit$\%=\frac{\text{Profit}}{\text{Final C.P}}\times 100\%$

$\therefore$ Profit $=\left[\frac{\left(\text{Profit}\%\right)}{100}\right]\times \left(\text{Final C.P}\right)$

Profit $=\frac{5}{100}\times 20,75,000=Rs.103750$

Total Selling Price $=$ Final Cost price $+$ profit $=Rs.2178750$

Selling price per laptop $=\frac{\text{Total~Selling~Price}}{100}=Rs21787.5$