A businessman purchased goods for Rs. 14000. He paid Rs. 350 as auto r

1.	A businessman purchased goods for Rs. 14000. He paid Rs. 350 as auto rent and Rs. 150 as wages. For earning 5% profit, at what price he should sell goods.
Answer» Cost price of products = Rs 14,000 Transportation = Rs 350 Labor = Rs 150 ∴ Total cost price of products = 14,000 + 350 + 150 = Rs 14,500 Profit % = 5% ∴ Profit = 5% of 14,500 = 14,500 x 5/100 = Rs 725 ∴ Selling Price = Total Cost Price + Profit = 14,500 + 725 = Rs 15,225 Hence, he will sell his products for Rs 15,225.

A businessman purchased goods for Rs. 14000. He paid Rs. 350 as auto rent and Rs. 150 as wages. For earning 5% profit, at what price he should sell goods.

Answer»

Cost price of products = Rs 14,000

Transportation = Rs 350

Labor = Rs 150

∴ Total cost price of products

= 14,000 + 350 + 150

= Rs 14,500

Profit % = 5%

∴ Profit = 5% of 14,500

= 14,500 x 5/100

= Rs 725

∴ Selling Price = Total Cost Price + Profit

= 14,500 + 725

= Rs 15,225

Hence, he will sell his products for Rs 15,225.