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      Question

      A machine is sold at 20% profit.

      If it had been sold for Rs. 1,500 more, the profit would have been 35%. Find the selling price of the machine if it is sold at a 12% profit.
      A Rs.17,200 Correct Answer Incorrect Answer
      B Rs.11,000 Correct Answer Incorrect Answer
      C Rs.11,200 Correct Answer Incorrect Answer
      D Rs.11,270 Correct Answer Incorrect Answer
      E None of these Correct Answer Incorrect Answer

      Solution

      ATQ, Let the cost price of the machine = Rs. 100x
      So, selling price of the machine = 100x Γ— 1.20 = Rs. 120x
      We have,
      120x + 1500 = 100x Γ— 1.35
      Or, 135x – 120x = 1500
      So, x = 1500 Γ· 15 = Rs. 100
      Required selling price = 112 Γ— 100 = Rs. 11,200

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