A sewing machine is sold for 1020 at a profit of 25/4% find its cost price
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Answer:
The Cost price is Rs956.25
Step-by-step explanation:
According to the question,
The formula we are going to use is:
Selling price(SP)= Cost price + profit
As there is a profit of 25/4%. So,
25/4% of 1020 is:
(25÷4)×(1÷100)×1020= 63.75
Profit = 63.75
Putting the values in formula,
1020= CP+63.75
CP= 1020-63.75
CP= Rs 956.25
Hence, the cost price of the sewing machine is Rs 956.25
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