A seller sells a washing machine at a cost price of Rs 15000 with a profit of 20%. Calculate the price at which the customer will purchase it. And also, find profit earned by the shopkeeper.
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Solution:
SO,
C.P = Rs 15000
Profit % = 20%
Profit = C.P x profit %
Profit = 15000 X 20/100
Profit = Rs 3,000
Selling price = Profit + C.P
= Rs 3000 + Rs 15,000 = Rs 18,000
Hence,
the amount payable by the customer to the seller = Rs 18,000
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