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    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?
    A Rs.20,140 Correct Answer Incorrect Answer
    B Rs.18,160 Correct Answer Incorrect Answer
    C Rs.26,880 Correct Answer Incorrect Answer
    D Rs.40,720 Correct Answer Incorrect Answer

    Solution

    ATQ, Let the cost price of the washing machine = Rs. '100y' Then, selling price when sold at 20% profit = 100y ├Ч 1.20 = Rs. '120y' So, 120y = 33600 So, selling price when sold at a loss of 4% = 100y ├Ч 0.96 = Rs. '96y' Or, 96y = 33600 ├Ч (96/120) = Rs. 26,880 Alternate solution: Required selling price = 33600 ├Ч (96/120) = Rs. 26,880

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