Question

Sunder bought a T.V at a cost price of Rs 15,500. If the shopkeeper earned 5 % profit on T.V, then what was the selling price of that T.V?

1. Rs 16,275
2. Rs 15,275
3. Rs 12,345
4. Rs 14,567

Answer 1

Correct Answer - Option 1 : Rs 16,275

Given:

Cost price of T.V is Rs 15,500

Percentage profit earned by shop keeper is 5%

Formula used:

Profit earned = Cost price × percentage profit

Selling price = Cost price + Profit

Calculation:

Profit earned by shopkeeper

⇒ 15,500 × 5%

⇒ Rs. 775                                       

Selling price of T.V

⇒ 15,500 + 775 

⇒ Rs. 16,275

∴ The selling price of T.V is Rs. 16,275