Question

The cost of a used washing machine is ₹9500 and ₹500 is spent on its repairs. If it is sold at a profit of 10%, then what is the selling price?

• A. ₹14000
• B. ₹15000
• C. ₹11000
• D. ₹12000

Answer 1

The correct option is C

₹11000

Given, the Cost Price of the washing machine = ₹9500

Repairing Cost = ₹500

Now, the total Cost Price = C.P. + Repairing Cost
= 9500 + 500
= ₹10000

Profit% = 10%

We know that,
$\text{Profit}\%=\frac{S.P-C.P}{C.P}\times 100$
$10=\frac{S.P-10000}{10000}\times 100$
$S.P-10000=\frac{10\times 10000}{100}$
$S.P-10000=1000S.P=10000+1000=11000$

$\therefore$ Selling price of the washing machine is ₹11000.