Question

C) Parbati buys a mobile for Rs 6,300 and sells it to Laxmi at 15% profit. How much

does Laxmi pay for it? ​

Answer 1

Rs. 7245

Explanation:

Given parameters:

Cost price = Rs. 6300

Percentage profit = 15%

Unknown:

Selling price = ?

Solution:

If profit is made on a trade, the selling price is higher than the cost price.

Profit = Selling price - Cost price

To find the selling price simply;

Selling price =( 1 +
`(15)/(100)`) x cost price

Selling price = 1.15 x 6300 = Rs. 7245