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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 × 1.20 = Rs. 120x
    We have,
    120x + 1500 = 100x × 1.35
    Or, 135x – 120x = 1500
    So, x = 1500 ÷ 15 = Rs. 100
    Required selling price = 112 × 100 = Rs. 11,200

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