Javedbhai bought 35 electric mixers for Rs. 4300 each. To transport them to the shop, he spent Rs. 2100. If he expects to make a profit of Rs. 21000, at what price should he sell each mixer?
Cost price of one mixer Rs. 4300.
Hence cost price of 35 mixers = 4300 × 35 = Rs. 150500
Total cost price = cost of mixers + cost of transport
= 150500 + 2100
= Rs. 152600
Javedbhai wants a profit of 21000 rupees.
∴ Hence, amount expected on selling = 152600 + 21000 = Rs. 173600
Selling price of 35 mixers = Rs. 173600
∴ Selling price of one mixer = 173600 ÷ 35 = Rs. 4960
Javedbhai should sell every mixer for Rs. 4960.
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- Concepts of Cost Price, Selling Price, Total Cost Price, and Profit and Loss, Discount, Overhead Expenses and GST