The cost incurred by Mahesh to produce an item in the factory was ₹2,000. He had to spend 10% of the production cost incurred on the item in the factory to transport it to the showroom. He sold the item from the showroom at a price that was 15% above the total cost incurred by Mahesh in the production and transportation of the item. What was the price at which Mahesh sold the item from the showroom?

Correct option is B

Given:
The cost incurred to produce the item in the factory = ₹2,000
The transportation cost is 10% of the production cost.
Mahesh sold the item at a price that was 15% above the total cost incurred for production and transportation.

Solution:

Transportation Cost:

10% of the production cost = 10% of ₹2000 $$= \frac{10}{100} \times 2000$$​ = ₹200

Total Cost:

Production cost + Transportation cost = ₹2000 + ₹200 = ₹2200

Selling Price:

15% above the total cost = 115% of ₹2200 = $$\frac{115}{100}\times 2200$$​ = ₹2530

So, Mahesh sold the item for ₹2530.