Question

A dealer offered a machine for sale for rs 27500 .but even if he had charged 10% less he would had mse a profit of 10%.the actual cost of the machine is?

Answer 1

Given

selling price = Rs 27,500

Reduce 10%

27500 x 10/100 = 2750

27,500 - 2750 = 24,750 .

price after 10% discount = 24,750

Given profit = 10%

cost price = 100/100+profit% x sp

cost price = 100/100+10 x 24750

cost price = 22,500.

$\bold{Cost \: price\: = \: Rs \: 22,500}$