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ICSE Class 7 Answered

A shopkeeper buys a cooking range for Rs.8000 and sells it for Rs.9200.What should be the selling price of a cooking range which costs the shopkeeper Rs.18000 if the rate of profit remains same
Asked by bhupindersinghlangeh | 01 Mar, 2020, 03:30: PM
answered-by-expert Expert Answer
 
 
Here, S.P = Rs. 9200, C.P = Rs. 8000 
→ Profit = 9200 - 8000 = Rs. 1200
→ Profit% = (1200/8000)× 100 = 15%
 
Now, C.P = Rs. 18000, Profit% = 15% then S.P = ?
 
 
Let the Selling Price of cooking range = x
 
 
 15 = Profit% 
→ 15 = [(x - 18000)/18000]× 100
→ 2700 = x - 18000
→ x = Rs. 20,700
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