Given:
Cost Price (CP) = ₹5,000
Damaged goods = 5%
Profit = 20%
Formula used:
Selling Price (SP) = Cost Price of undamaged goods + Desired Profit
Solution:
Damaged goods = 5% of 5000 = 0.05 5000 = 250
Undamaged goods cost = 5000 – 250 =₹4750
Desired profit = 20% of undamaged goods cost = 0.20 x 4750 = ₹950
Selling Price (SP) = Cost Price of undamaged goods + Desired Profit
= 4750 + 950 = ₹5700
English
80 Questions
160 Marks
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