Question

sold old furniture costing rs 20000 at profit of rs 3000​

Answer 1

Answer:

See Explanation

Explanation:

Given

$Cost\ Price = Rs\ 20000$

$Profit = Rs\ 3000$

T

The question is incomplete; however because the question relates to cost price and profits, a possible question could be to calculate the selling price.

The relationship between profit, selling price and cost price is:

$Profit = Selling\ Price - Cost\ Price$

Make Selling Price the subject:

$Selling\ Price = Profit + Cost\ Price$

Substitute values for Profit and Cost Price

$Selling\ Price = Rs\ 3000 + Rs\ 20000$

$Selling\ Price = Rs\ 23000$

Hence, the selling price is Rs.23000