An electronic goods dealer purchase an old tv set for rupees 8700. He spent rupees 1100 on its repair and sold it at a profit of 8% . Find his selling price
Given: An electronic goods dealer purchase an old tv set for rupees 8700. He spent rupees 1100 on its repair and sold it at a profit of 8% .
To do: To find the selling price
Solution:
Total cost price$= 8700+1100=₹\ 9800$
Profit$=8$ % of cost price$=\frac{8}{100}\times9800$
$=₹\ 784$
$\therefore$ Sell price$=$cost price$+$profit
$\Rightarrow$ Sell price$=9800+784$
$\Rightarrow$ Sell price$=₹\ 10584$
Thus, sell price of the TV is $₹\ 10584$
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