Question
Rohit sold a machine for Rs. 1,050 and made a profit of
5% on it. At what price should he sell the machine to make a profit of 18% on it?Solution
ATQ, Selling price of the machine at 5% profit = Rs. 1,050 Cost price of the machine = (1,050/1.05) = Rs.1,000 Required selling price = 1.18 × 1,000 = Rs.1,180
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