Shri Ramlal purchased a TV set for Rs. 12,500 and spent Rs. 300 on transportation and Rs. 800 on installation. At what price should he sell it so as to earn an overall profit of 15% ?

Shri Ramlal purchased a TV set for Rs. 12,500 and spent Rs. 300 on transportation and Rs. 800 on installation. At what price should he sell it so as to earn an overall profit of 15% ?
1). Rs. 14,560
2). Rs. 14,375
3). Rs. 15,460
4). Rs. 15,375

Solution

Cost price of TV = Rs. 12,500

Amount spent on transportation = Rs. 300 and installation = Rs. 800

Net spent = Rs. (12500 + 300 + 800) = Rs. 13,600

Let selling price = $Rs.x$

Profit % = $\frac{x-13600}{13600} \times 100=15$

=> $x-13600=15 \times 136$

=> $x=2040+13600$

=> $x=Rs.$ $15,640$

=> Ans - (E)

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