Question
A washing machine was sold for Rs. 33,600 at a profit of
20%. If the washing machine was instead sold at a loss of 4%, what would have been its selling price?Solution
ATQ, Let the cost price of the washing machine = Rs. '100y' Then, selling price when sold at 20% profit = 100y Ă— 1.20 = Rs. '120y' So, 120y = 33600 So, selling price when sold at a loss of 4% = 100y Ă— 0.96 = Rs. '96y' Or, 96y = 33600 Ă— (96/120) = Rs. 26,880 Alternate solution: Required selling price = 33600 Ă— (96/120) = Rs. 26,880
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