mohan bought a cycle for 2400 exam what price should he sell it for making a profit of 8%
Did you even look at how I did the same type of question for you just below ????
To calculate the selling price of the cycle, we need to add the profit percentage to the cost price.
Step 1: Calculate the profit amount:
Profit = (Profit Percentage / 100) x Cost Price
In this case, the profit percentage is 8%, and the cost price is 2400.
Profit = (8 / 100) x 2400 = 0.08 x 2400 = 192
Step 2: Calculate the selling price:
Selling Price = Cost Price + Profit
Selling Price = 2400 + 192 = 2592
Therefore, Mohan should sell the cycle for 2592 to make a profit of 8%.
To find the selling price of the cycle, we need to calculate the profit percentage and then add that profit to the cost price.
Step 1: Calculate the profit percentage
Profit Percentage = 8%
Step 2: Calculate the profit amount
Profit Amount = (Profit Percentage / 100) * Cost Price
In this case, the cost price is Rs. 2400.
Profit Amount = (8 / 100) * 2400
Profit Amount = (0.08) * 2400
Profit Amount = 192
Step 3: Calculate the selling price
Selling Price = Cost Price + Profit Amount
Selling Price = 2400 + 192
Selling Price = 2592
So, Mohan should sell the cycle for Rs. 2592 to make a profit of 8%.