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Question

A retailer bought a used machine for rupees 2500,spent rupees 850 on repairs sold it at a gain of 10%.find it's selling price.


Solution

C.P = Rs. (2500 + 800) = Rs. 3300

∴ Profit % ,p= 10 %

Profit / cost price = p/100

 

⇒ profit / 3300 = 10 / 100
 

⇒ Profit = Rs. (10/100)×3300

             = 330

Profit = S.P - C.P

∴ S.P = profit + C.P
          = 3300 + 330
          = Rs. 3630 

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