Question

Akriti buys a smartphone for ₹ 12,500. If she wants to profit of 30%, how much should she charge for the smartphone ?

• A. 16000
• B. 14375
• C. 16250
• D. 15400

Answer 1

The Correct Option is C

To determine how much Akriti should charge to make a 30% profit on a smartphone she purchased for ₹ 12,500, we use the formula for calculating the selling price given the cost price and the desired profit percentage:

1. Identify the cost price (CP) of the smartphone: ₹ 12,500.

2. Determine the profit percentage: 30%.

3. The formula to calculate profit (P) is:

P = CP × (Profit Percentage / 100)

4. Substitute the values into the formula:

P = 12,500 × (30 / 100) = 12,500 × 0.30 = ₹ 3,750

5. To find the selling price (SP), add the profit to the cost price:

SP = CP + P

SP = 12,500 + 3,750 = ₹ 16,250

Hence, Akriti should charge ₹ 16,250 for the smartphone to achieve a 30% profit.