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Question : The cost price of a cooler is Rs. 4800. If the profit percentage is 26%, what is the selling price of the cooler?

Option 1: Rs. 6248

Option 2: Rs. 6048

Option 3: Rs. 6640

Option 4: Rs. 5628


Team Careers360 17th Jan, 2024
Answer (1)
Team Careers360 22nd Jan, 2024

Correct Answer: Rs. 6048


Solution : The selling price of an item is calculated as the cost price plus the profit.
The profit is calculated as a percentage of the cost price.
Given that the cost price of the cooler is Rs. 4800 and the profit percentage is 26%.
Profit percentage = $\frac{\text{Profit}}{\text{Cost price}}$ × 100
Profit = Cost price × $\frac{\text{Profit percentage}}{100}$ = 4800 × $\frac{26}{100}$ = Rs. 1248
Therefore, the selling price of the cooler is:
Selling price = Cost price + Profit = 4800 + 1248 = Rs. 6048
Hence, the correct answer is Rs. 6048.

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