Sudhir purchased a TV set for ₹ 14500 and spent ₹ 800 on transportation and ₹ 900 on installation. Find the price at which he should sell it so as to earn an overall profit of 18%?17106191162004019850
Question
Sudhir purchased a TV set for ₹ 14500 and spent ₹ 800 on transportation and ₹ 900 on installation. Find the price at which he should sell it so as to earn an overall profit of 18%?17106191162004019850
Solution
Sure, here is the step by step solution:
Step 1: Calculate the total cost of the TV set. The total cost of the TV set is the purchase price plus the cost of transportation and installation.
Total cost = Purchase price + Transportation cost + Installation cost Total cost = ₹ 14500 + ₹ 800 + ₹ 900 Total cost = ₹ 16200
Step 2: Calculate the selling price to earn a profit of 18%. The selling price is the total cost plus the profit. The profit is 18% of the total cost.
Profit = 18% of Total cost Profit = 18/100 * ₹ 16200 Profit = ₹ 2916
Selling price = Total cost + Profit Selling price = ₹ 16200 + ₹ 2916 Selling price = ₹ 19116
So, Sudhir should sell the TV set at ₹ 19116 to earn an overall profit of 18%.
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