Question

Naresh purchased a TV set for Rs. 11,250 after getting discount of $10\%$ on the labelled price. He spent Rs. 150 on transport and Rs. 800 on installation. Naresh sold the TV set at what price, such that the profit earned would have been $15\%$ if no discount was offered?

• A. Rs.12937.50
• B. Rs.14,030.00
• C. Rs.13,450.00
• D. Rs.15467.50

Answer 1

The correct option is B

Rs.14,030.00

The effective cost price inlcudes all the expenses (purchase, transport, labor, etc) that are made on the article or item. So, here it is nothing but the sum of cost of T.V, transport and installation.

Total cost of the TV set = Rs.(11250 + 150 + 800) = Rs.12200

Given, he makes 15% profit on the T.V set.

Selling Price = Cost price + Profit

$\therefore$ Required SP = Rs.12200 + Rs.$(12200\times \frac{15}{100})$ = Rs.12200 + Rs.1830 = Rs.14030