To Find the Sale Price when Cost Price and Profit Rate are known (WP-6: Profit)

Zia bought an out of order clock for Rs.750 and got it repaired for Rs.425. What should be the selling price of the clock if Zia wants to earn 25% profit?




Given:

Price of an out of order clock = Rs.750

Repairing charges = Rs. 425

So the Cost price (C.P) will become = Rs.750 + Rs.425 = Rs.1,175

Profit rate = 25%

To Find:

Sale price (S.P) =?

Solution:

Profit = 25% of Rs.1,175

Profit = Rs.293.75

Note: To calculate the Sale Price (S.P) Profit is added to a cost price. Thus we get

Sale price = Cost Price (C.P) + Profit 

Sale price = Rs.1,175 + Rs.293.75 

Sale price = Rs.1,468.75

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