Rajni purchased an LED TV set for ₹22,500 and spent ₹800 on its transportation and ₹1,000 on installation. At what price should she sell it so as to earn an overall profit of 20% ?
Answer & explanation
Correct answer: option 2
The cost price of LED Tv = 22,500
Other expenses = 800 and 1000
So the final cost price = 22500 + 800 + 1000 = 24300
Profit ( Desired) = 20%
So the SP = 120% of 24300 = ₹29,160