Question 65

The cost price of a radio is 600. 5% of the cost price is charged toward transportation. After adding that, if the net profit to be made is 15%, then the selling price of the radio must be

Solution

Cost price of radio = Rs. 600

Transportation price = $$\frac{5}{100}\times600=Rs.$$ $$30$$

=> Total Cost Price = $$600+30=Rs.$$ $$630$$

Profit % = 15%

=> Selling price = $$630+(\frac{15}{100}\times630)$$

= $$630+94.50=Rs.$$ $$724.50$$

=> Ans - (C)

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