-
The cost price of a radio is $ 600. The 5% of the cost price is charged towards transportation. After adding that, if the net profit to be made is 15%, then the selling price of the radio must be
-
- $ 704.50
- $ 724.50
- $ 664.50
- $ 684.50
Correct Option: B
Given , Cost price of a radio = $ 600 and its transportation charged = 5%
| Actual C.P. of radio = 600 + | = $ 630 | 100 |
Profit = 15%
| ∴ Required S.P. = | = $ 724.50 | 100 |
| Required S.P. = | = $ 724.50 | 100 |
