The cost price of a cooler is Rs 6400. If the profit percentage is 24 percent, then what is the selling price of the cooler?
Show answer & explanation
Correct answer: A
Explanation
The correct answer is option 1 i.e. Rs. 7936.
Given that, CP = Rs 6400
Profit percentage = 24%
SP = CP
According to the given question,
SP = 6400
⇒ 64 × 124 = 7936
Hence the selling price of the cooler is Rs 7936.