Question

The cost of a refrigerator is ₹ 8000 with ₹ 1000 being spent on its transportation. Find its selling price if it is sold at a profit of 10%.

• A. 9900

Answer 1

The correct option is A 9900
Given,
Cost of refrigerator = ₹8000
Transportation cost = ₹1000
Profit percentage =10%

Now,
Cost price of refrigerator $=₹(8000+1000)=₹9000$

We know that,
$\frac{\text{Profit}}{\text{Cost Price}}$ = $\frac{Profit\%}{100}$

$\Rightarrow \frac{Profit}{9000}=\frac{10}{100}\Rightarrow \text{Profit}=₹900$

Profit = S.P. - C.P.
$\Rightarrow$ S.P = Profit + C.P
= ₹ 900 + ₹ 9000

$\therefore$ S.P = ₹ 9900