Question

The cost of a mobile phone was Rs 6890. Later, Rs 560 was spent on its repair. If it is now sold for a profit of 8%, find the selling price of the mobile phone.

Answer 1

To find the selling price, add the cost of the phone, repair cost, and profit percentage. The selling price is Rs 8046.

Step-by-step explanation:

To find the selling price of the mobile phone, we need to add the cost of the mobile phone, the repair cost, and the profit.

Step 1: Add the cost of the mobile phone (Rs 6890) and the repair cost (Rs 560):

6890 + 560 = 7450

Step 2: Calculate the profit by multiplying the total cost (7450) by 8% (0.08):

7450 * 0.08 = 596

Step 3: Add the profit to the total cost to get the selling price:

7450 + 596 = 8046

Therefore, the selling price of the mobile phone is Rs 8046.