The cost price of a scooter is Rs. 20,000 and the profit percent is 12%. What is the selling price ?

Options

A. 2400
B. 22040
C. 2600
D. 22400

Answer

To find the selling price of the scooter given the cost price and profit percentage, we can follow these steps:

### Step-by-Step Solution:

1. **Identify the Cost Price (CP) and Profit Percentage (P%)**:
- Cost Price (CP) = Rs. 20,000
- Profit Percentage (P%) = 12%

2. **Use the Formula for Selling Price (SP)**:
The formula to calculate the Selling Price (SP) when the Cost Price and Profit Percentage are known is:
\[ SP = CP \times \left(1 + \frac{P}{100}\right) \]
where \( P \) is the profit percentage.

3. **Substitute the Values into the Formula**:
\[ SP = 20,000 \times \left(1 + \frac{12}{100}\right) \]

4. **Calculate the Profit Factor**:
- First, calculate \( \frac{12}{100} = 0.12 \).
- Therefore, \( 1 + 0.12 = 1.12 \).

5. **Multiply the Cost Price by the Profit Factor**:
\[ SP = 20,000 \times 1.12 \]

6. **Perform the Multiplication**:
\[ SP = 20,000 \times 1.12 = 22,400 \]

7. **Conclusion**:
The Selling Price of the scooter is Rs. 22,400.

### Final Answer:
The selling price of the scooter is Rs. 22,400.

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