Question

Question 5
I buy a T.V. for Rs 10,000 and sell it at a profit of 20%. How much money do I get for it?

Answer 1

The cost price of T.V. = Rs 10,000
Profit percent = 20%
Now, Profit = Profit% of C.P.
= $\frac{20}{100}\times 10,000$
= Rs 2,000

Selling price = C.P. + Profit
= Rs10,000 + Rs 2,000 = Rs 12,000
Hence, he gets Rs12,000 on selling his T.V.