The selling price (SP) is calculated using the formula:
\[SP = CP \times \left(1 + \frac{\text{Profit \%}}{100} \right)\]\[ SP = 3,924 \times \left(1 + \frac{25}{100} \right) \]
\[ SP = 3,924 \times 1.25 \]
\[ SP = 4,905 \]
Thus, the selling price is Rs 4,905 (Option B).
List-I | List-II |
---|---|
(A) Confidence level | (I) Percentage of all possible samples that can be expected to include the true population parameter |
(B) Significance level | (III) The probability of making a wrong decision when the null hypothesis is true |
(C) Confidence interval | (II) Range that could be expected to contain the population parameter of interest |
(D) Standard error | (IV) The standard deviation of the sampling distribution of a statistic |