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Ram purchased a Computer set of Rs. 1250...

Ram purchased a Computer set of Rs. 12500 and spent Rs.300 on transportation and Rs. 800 on installation. At what price should he sell it so as to earn an overall profit of 15%?

A

Rs 14560

B

Rs 14375

C

Rs 15460

D

None of these

Text Solution

AI Generated Solution

The correct Answer is:
To find the selling price at which Ram should sell the computer set to earn an overall profit of 15%, we can follow these steps: ### Step 1: Calculate the Total Cost Price First, we need to calculate the total cost incurred by Ram for the computer set. This includes the purchase price, transportation cost, and installation cost. - Purchase Price = Rs. 12,500 - Transportation Cost = Rs. 300 - Installation Cost = Rs. 800 **Total Cost Price (CP)** = Purchase Price + Transportation Cost + Installation Cost **Total Cost Price (CP)** = 12,500 + 300 + 800 = Rs. 13,600 ### Step 2: Calculate the Desired Profit Next, we need to calculate the profit Ram wants to earn, which is 15% of the total cost price. **Profit Percentage** = 15% **Profit Amount** = (15/100) * Total Cost Price **Profit Amount** = (15/100) * 13,600 = Rs. 2,040 ### Step 3: Calculate the Selling Price Now, we can calculate the selling price (SP) by adding the profit amount to the total cost price. **Selling Price (SP)** = Total Cost Price + Profit Amount **Selling Price (SP)** = 13,600 + 2,040 = Rs. 15,640 ### Final Answer Therefore, Ram should sell the computer set for Rs. 15,640 to earn an overall profit of 15%. ---
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