A shopkeeper by 10 music players for rupees 26000 if he sell some for a profit of 5% find the selling price of one music player.
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A shopkeeper by 10 music players for rupees 26000 if he sell some for a profit of 5% find the selling price of one music player.
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Answer Sure! If the shopkeeper bought 10 music players for ₹26,000 and wants to sell them at a 5% profit, we can calculate the selling price of one music player using the following formula:
Selling Price = Cost Price + Profit
The profit percentage is 5%, which is 5/100 = 0.05 as a decimal.
Let's calculate the selling price:
Profit = Cost Price * Profit Percentage
Profit = ₹26,000 * 0.05
Profit = ₹1,300
Selling Price = Cost Price + Profit
Selling Price = ₹26,000 + ₹1,300
Selling Price = ₹27,300
Therefore, the selling price of one music player is ₹27,300.
I hope that helps! Let me know if you have any other questions.
Answer:
If the shopkeeper bought 10 music players for Rs. 26000 and wants to sell them for a profit of 5%, you can calculate the selling price per music player by adding the profit.
Let Cost Price (CP) be the price the shopkeeper paid for one music player.
CP = Total cost/Number of players = 26000/10
Now, calculate the selling price Selling Price (SP) by adding a 5% profit:
SP = CP + 0.05 × CP
You can substitute the value of CP into this equation to find SP