I buy a T.V for Rs 10,000 and sell it at a profit of 20%. How much money do I get for it?
Last updated date: 27th Mar 2023
•
Total views: 311.4k
•
Views today: 8.88k
Answer
311.4k+ views
Hint: Here, we will be proceeding by finding out the amount of profit gained and then finding out the selling price.
Given, cost price of T.V i.e., ${\text{C}}{\text{.P}} = {\text{Rs }}10000$
When he sold the T.V, the profit obtained on T.V i.e., ${\text{Profit percentage}} = 20\% $
Profit amount gained, ${\text{Profit amount}} = \left( {\dfrac{{{\text{Profit percentage}}}}{{100}}} \right) \times {\text{C}}{\text{.P}} = \left( {\dfrac{{{\text{20}}}}{{100}}} \right) \times \left( {10000} \right) = {\text{Rs }}2000$
Therefore, selling price is ${\text{S}}{\text{.P}} = {\text{C}}{\text{.P}} + \left( {{\text{Profit amount}}} \right) = 10000 + 2000 = {\text{Rs }}12000$
Hence, the money which he will get after selling the T.V is Rs 12,000.
Note- In this question if instead of profit, there would have been loss then the formulas used would be ${\text{Loss amount}} = \left( {\dfrac{{{\text{Loss percentage}}}}{{100}}} \right) \times {\text{C}}{\text{.P}}$ and ${\text{S}}{\text{.P}} = {\text{C}}{\text{.P}} - \left( {{\text{Loss amount}}} \right)$.
Given, cost price of T.V i.e., ${\text{C}}{\text{.P}} = {\text{Rs }}10000$
When he sold the T.V, the profit obtained on T.V i.e., ${\text{Profit percentage}} = 20\% $
Profit amount gained, ${\text{Profit amount}} = \left( {\dfrac{{{\text{Profit percentage}}}}{{100}}} \right) \times {\text{C}}{\text{.P}} = \left( {\dfrac{{{\text{20}}}}{{100}}} \right) \times \left( {10000} \right) = {\text{Rs }}2000$
Therefore, selling price is ${\text{S}}{\text{.P}} = {\text{C}}{\text{.P}} + \left( {{\text{Profit amount}}} \right) = 10000 + 2000 = {\text{Rs }}12000$
Hence, the money which he will get after selling the T.V is Rs 12,000.
Note- In this question if instead of profit, there would have been loss then the formulas used would be ${\text{Loss amount}} = \left( {\dfrac{{{\text{Loss percentage}}}}{{100}}} \right) \times {\text{C}}{\text{.P}}$ and ${\text{S}}{\text{.P}} = {\text{C}}{\text{.P}} - \left( {{\text{Loss amount}}} \right)$.
Recently Updated Pages
Paulings electronegativity values for elements are class 11 chemistry CBSE

For a particle executing simple harmonic motion the class 11 physics CBSE

Does Nichrome have high resistance class 12 physics CBSE

The function f satisfies the functional equation 3fleft class 12 maths JEE_Main

Write a letter to the Principal of your school to plead class 10 english CBSE

Look at the handout below Write a letter to the organizers class 11 english CBSE

Trending doubts
What was the capital of Kanishka A Mathura B Purushapura class 7 social studies CBSE

Difference Between Plant Cell and Animal Cell

Write an application to the principal requesting five class 10 english CBSE

Ray optics is valid when characteristic dimensions class 12 physics CBSE

Give 10 examples for herbs , shrubs , climbers , creepers

Tropic of Cancer passes through how many states? Name them.

Write the 6 fundamental rights of India and explain in detail

Write a letter to the principal requesting him to grant class 10 english CBSE

Name the Largest and the Smallest Cell in the Human Body ?
