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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

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B

15000

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C

11000

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D

12000

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Solution

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,
Profit%=S.PC.PC.P×100
10=S.P1000010000×100
S.P10000=10×10000100
S.P10000=1000S.P=10000+1000=11000

Selling price of the washing machine is 
₹11000.
 


Mathematics

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