The cost price of a cooler is Rs. 4800. If the profit percentage is 26 percent, then what is the selling price of the cooler?
Show answer & explanation
Correct answer: B
Explanation
The correct answer is option 2 i.e. Rs. 6048.
Given:
The cost price of the cooler = Rs 4800
Profit % = 26%
Formula used:
Selling price = Cost price × (100 + profit)%
Calculations:
Selling price of the cooler = 4800 × (100 + 26)%
⇒ 4800 × 126%
⇒ 4800 × 1.26 = Rs 6048