A buys 150 gm gold for Rs.6,00,000 and gives 6% as making charges. What should be the selling price per 10 gm to have a profit of 6%?
Show answer & explanation
Correct answer: D
Explanation
The Correct answer is option 4 i.e. Rs.44,944
Given that
C.P. of 150 gm gold = Rs. 600000
C.P. of 10 gm gold = Rs. 6000000/150 = Rs. 40000
Making charges = 6% of 40000 = Rs. 2400
Total C.P. = 40000 + 2400 = Rs. 42400
Profit % = 6%
S.P. = C.P. × (100 + P)/100
S.P. = 42400 × (100 + 6)/100 = 424 × 106 = Rs. 44944