A cloth piece was purchased for ₹ 700. At what price should it be sold to get a profit of 12.5% after a tailoring charge of ₹ 20 was paid for?
- A₹ 760
- B₹ 810
- C₹ 785
- D₹ 840
Solution & Step-by-step Explanation
The initial cost price of the cloth piece = ₹ 700.
Tailoring charges paid = ₹ 20.
The effective total Cost Price (CP) is:
CP=700+20=₹ 720
Desired profit percentage = 12.5%.
The Selling Price (SP) to get this profit is:
SP=CP×(1+
100
Profit Percentage
)
SP=720×(1+
100
12.5
)=720×(1+
8
1
)
SP=720×
8
9
=90×9=₹ 810
Tailoring charges paid = ₹ 20.
The effective total Cost Price (CP) is:
CP=700+20=₹ 720
Desired profit percentage = 12.5%.
The Selling Price (SP) to get this profit is:
SP=CP×(1+
100
Profit Percentage
)
SP=720×(1+
100
12.5
)=720×(1+
8
1
)
SP=720×
8
9
=90×9=₹ 810