To find Sale Price when Cost Price and Profit Rate % are given (WP-7: Profit)

Ujala bought a car for Rs.280,000 and spent Rs. 12,000 more on it. What should be the selling price if she wants to get 7.5% profit?

Given:

Price of a Car = Rs.280,000

She Spent More = Rs.12,000

So the Cost price (C.P) will become = Rs.280.000 + Rs.12,000 = Rs.292,000

Profit rate = 7.5%

To Find:

Sale price (S.P) =?

Solution:

Profit = 7.5% of Rs.292,000

Profit = Rs.21,900

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

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

Sale price = Rs.292,000 + Rs.21,900 

Sale price = Rs.313,900

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