Question

Prakhar bought an old scooter for $Rs.8000$ and spent $Rs.520$ on its repairs. he wants to sell it to make a profit of $20$%. For how much should he sell the scooter?

Answer 1

Given, Cost price $=8000$

Repair $=520$

New cost price $=8520$

Profit $\%=20\%$

Profit $\%=\frac{sp-cp}{cp}\times 100=20$

$\Rightarrow sp=cp+0.2cp$

$\Rightarrow sp=8520\times 1.2$

$sp=10,224$ Rs.

He should sell the scooter for $10,224$ Rs. to make a profit of $20\%$.