A machine is sold for Rs 23000 at a loss of 8 percent. Find the C.P. of the machine
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Step-by-step explanation:
Given that:
SP = Rs.27000
Loss% = 10 %
To find:
SP to gain at 8%
Solution:
CP = SP x 100/ (100 - Loss %)
> 27000 x 100/ (100 - 10)
> 27000 x 100/90
> 300 x 100
Gain% = 8%
S.P. = C.P. × ( 100 + Gain % )/100
=> 30000 × ( 100 + 8 )/100
=> 300 × 108
=> S.P. = Rs. 32400
ANS ) The machine should be sold at to gain 8%.
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