Question

A purchased a machine at Rs. 11000, then got it repaired at Rs. 2500, they gave its transportation charges Rs. 500. Then he sold it at 40% profit. At what price he actually sold it?
1. Rs. 18500
2. Rs. 17500
3. Rs. 19900
4. Rs. 19600

Answer 1

Correct Answer - Option 4 : Rs. 19600

GIVEN:

A purchased a machine at Rs. 11000, then got it repaired at Rs. 2500, they gave its transportation charges Rs. 500. Then he sold it at 40% profit.

CONCEPT:
Basic concept of Profit and Loss.

FORMULA USED:

SP = CP + Profit

SP = CP × [1 + profit]/100

CALCULATION:

Total CP = 11000 + 2500 + 500 = Rs. 14000

Then,

SP = CP + Profit = 14000 + (40% of 14000)

⇒ SP = 14000 + 14000 × 40/100

⇒ SP = 14000 + 5600 = Rs. 19600