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      Question

      A machine is sold at 10% profit and its selling price is

      Rs. 40 more than when sold at a 15% loss. Determine the cost price of the machine.
      A Rs.200 Correct Answer Incorrect Answer
      B Rs.160 Correct Answer Incorrect Answer
      C Rs.332 Correct Answer Incorrect Answer
      D Rs.240 Correct Answer Incorrect Answer

      Solution

      Let the cost price of the machine = Rs. β€˜100y’
      According to the question,
      100y Γ— 1.10 – 100y Γ— 0.85 = 40
      Or, 110y – 85y = 40
      Or, 25y = 40
      So, y = 40 Γ· 25 = 1.6
      So, cost price of the machine = 1.6 Γ— 100 = Rs. 160

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