Question

Sold old furniture costing rs 20000 at profit of rs 3000​

Answer 1

See Explanation

Step-by-step explanation:

Given

`Cost\ Price = Rs\ 20000`

`Profit = Rs\ 3000`

T

The question is incomplete; however because the question relates to cost price and profits, a possible question could be to calculate the selling price.

The relationship between profit, selling price and cost price is:

`Profit = Selling\ Price - Cost\ Price`

Make Selling Price the subject:

`Selling\ Price = Profit + Cost\ Price`

Substitute values for Profit and Cost Price

`Selling\ Price = Rs\ 3000 + Rs\ 20000`

`Selling\ Price = Rs\ 23000`

Hence, the selling price is Rs.23000