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Question

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 C 24000
Sahil purchased a machine at Rs. 10000.

Its repairing cost is Rs. 5000 and 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%.

S.P. =16000+50100×16000

=16000+8000

=Rs. 24000

Hence, Sahil sold the machine for Rs. 24000.

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