Sahil purchased a machine at Rs. 10000, then got it repaired at Rs. 5000 and gave its transportation charge Rs. 1000. Then he sold it with 50% of profit. At what price he actually sold it?
A
20000
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B
22000
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C
24000
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D
26000
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Solution
The correct option is C24000 Sahil purchased a machine at Rs.10000.
Its repairing cost is Rs.5000and transportation cost is Rs.1000.
∴Total C.P.=10000+5000+1000=Rs.16000
Given that, on selling the machine, Sahil gained a profit of 50%.