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Question
Muthu has a car worth ₹ 8,50,000 and he wants to sell it at a profit of ₹ 25,000. What should be the selling price of the car?
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Solution
Cost price of the car = ₹ 8,50,000
Expected profit = ₹ 25,000
We know that profit = S.P. – C.P.
25000 = S.P. – 8,50,000
⇒ 25,000 + 8,50,000 = S.P.
⇒ S.P. = 8,75,000
Selling Price of the car should be ₹ 8,75,000
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