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A man bought a cooler for Rs.15200 and spent Rs.300 and Rs.500 on its transportation and repair respectively. At what price should he sell it to make a gain of 15%?

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Rs.18400

Rs.17400

Rs.16400

Rs.18600

answer is A.

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Detailed Solution

It is given that a man bought a cooler for Rs.15200.
Also, he spent Rs.300 and Rs.500 on its transportation and repair respectively.
Therefore, the total cost price of the cooler

= R s . 15200 + 300 + 500 = R s .16000.

Let the selling price of the cooler to make a gain of 15% be

x .

∴ Gain % = Gain C .P . × 100 ⇒ 15 % = Gain 16000 × 100 ⇒ Gain = 16000 × 15 100 = R s .2400 (1)

That means the man will earn a profit of Rs.2400.
We know that,
Gain price = Selling price – Cost price

⇒ 2400 = x − 16000 ⇒ x = 18400

Therefore, by selling the cooler for Rs.18400, the man will earn 15% profit.
Hence, option (1) is correct.

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