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
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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