The cost price of a computer is Rs.19,500. An additional Rs.450 was spent on installing a software. If it is sold at 12% profit, find the selling price of the computer
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Solution
Cost price of the computer is Rs.19,500+Rs.450 (over head expenses) =Rs.19,950. The computer is sold at a profit of 12%. Therefore, selling price =(100+gain)100×C.P. =(100+12)100×19950 =11210×1995 =22344. Thus the selling price is Rs.22,344.