Question

Stephen bought a clock for 3,924 and sold it. If Stephen earned a profit of 25%,then what was selling price of the clock?

• A. 981
• B. 4,905
• C. 2,943
• D. 4,234

Answer 1

The Correct Option is B

Calculating the Selling Price (SP):

Formula for Selling Price:

The selling price (SP) is calculated using the formula: 

\[SP = CP \times \left(1 + \frac{\text{Profit \%}}{100} \right)\]

Step 1: Given Data

• Cost Price (\( CP \)) = Rs 3,924
• Profit Percentage = 25%

Step 2: Substituting the Values

\[ SP = 3,924 \times \left(1 + \frac{25}{100} \right) \]

\[ SP = 3,924 \times 1.25 \]

Step 3: Compute the Selling Price

\[ SP = 4,905 \]

Final Answer:

Thus, the selling price is Rs 4,905 (Option B).