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Ajay prakesh and old scooter for rupees 10000 ki paid 150 for road tax and 100 as licence fee what price must he sell it to gain 20%Ajay prakesh and old scooter for rupees 10000 he paid 150 for road tax and hundred as licence fee what price must he sell it to gain 20%

Answer»

Correct Question :-

● Ajay prakesh had old SCOOTER for rupees 10000 he paid 150 for road tax and HUNDRED as licence fee what price must he sell it to gain 20% .

Solution :-

COST Price of Scooter = Rs10000

He have to paid a road tax of Rs150

He had to pay license fee of Rs100

Total costprice of scooter = Rs10000 + 150 + 100

Total CP of scooter = Rs10250

Now,

We have to find new SP of scooter

As we know that,

Profit = Profit % /100 * CP

The seller wants to gain 20% profit

Therefore,

Profit = 20 / 100 * 10250

Profit = 2 * 1025

Profit = Rs2050

SP to gain 20% on selling a scooter

= 10250 + 2050

= 12300

Hence, The selling price will be in order to gain 20% profit is 12300 .



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