I buy a TV for rs 10 000 and sell it at a profit of 20%. How much mone...
Cost of TV: Rs 10,000
Profit Percentage: 20%
Calculation:
To calculate the selling price of the TV, we need to add the profit to the cost price.
Step 1: Calculate the profit amount
Profit = (Profit Percentage / 100) * Cost Price
Profit = (20 / 100) * 10,000
Profit = 2,000
Step 2: Calculate the selling price
Selling Price = Cost Price + Profit
Selling Price = 10,000 + 2,000
Selling Price = 12,000
Explanation:
You bought a TV for Rs 10,000 and sold it at a profit of 20%. This means you earned a profit of 20% on the cost price.
To calculate the profit amount, we use the formula:
Profit = (Profit Percentage / 100) * Cost Price
Substituting the given values, the profit amount is calculated as:
Profit = (20 / 100) * 10,000
Profit = 2,000
The selling price of the TV is calculated by adding the profit amount to the cost price:
Selling Price = Cost Price + Profit
Selling Price = 10,000 + 2,000
Selling Price = 12,000
Hence, you would get Rs 12,000 for selling the TV at a 20% profit.
I buy a TV for rs 10 000 and sell it at a profit of 20%. How much mone...
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