A tape recorder was bought by Ravi for ₹4000 and he spnd ₹1600 on it's repairing.is Ravi expects to get a profit of 6% on it's sale, what should be the selling price?
Mathematics
ScanSolve AI Answer
Step-by-step solution
3 stepsHere's how to calculate the selling price:
Calculate the total cost price
Cost of tape recorder = ₹4000
Repairing cost = ₹1600
Total Cost Price (CP) = ₹4000 + ₹1600 = ₹5600Calculate the desired profit amount
Profit percentage = 6%
Profit amount = 6% of ₹5600
Profit amount = (6/100) * 5600 = ₹336Calculate the selling price
Selling Price (SP) = Total Cost Price + Profit amount
Selling Price = ₹5600 + ₹336 = ₹5936The selling price should be ₹5936.
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