Question

A dealer bought 10 sewing machines of a particular type for ₹8000 and sold them at a profit equal to the selling price of three machines. Find the selling price of one machine?

Answer 1

Dear Student,

Please follow the solution to the above given query:

CP of 10 sewing machines = Rs.8000
Thus, CP of 1 sewing machine = Rs 800
He wish to sell the same at profit equal to selling price of 3 sewing machines.
That is, Profit = 3 × 800 = 2400
Note that profit on sewing machine is given by,
Profit = SP – CP
Thus, SP of 1 sewing machine is, SP = Profit + CP = 2400+ 800 = Rs 3200

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