a trader makes 20 profit in selling a washing machine at 12000 rupees. how much would be have invested in the machine? during new year sales,its price is reduced by 1200 rupees. is the sale now at a profit or loss?what is the percent?
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Answer:
LOSS%=12%
Step-by-step explanation:
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The cost price of the washing machine is 10000 rupees.
The profit percentage is 8%.
Step-by-step explanation:
Consider the provided information.
A trader makes 20 profit in selling a washing machine at 12000 rupees.
Substitute the respective values in the above formula.
Hence, the cost price of the washing machine is 10000 rupees.
During new year sales,its price is reduced by 1200 rupees.
Now subtract 1200 from the selling price of washing machine, that will gives us the new selling price.
12000-1200=10800
Profit = Selling price - Cost price
Profit = 10800 - 10000
Profit = 800
Thus, the profit percentage is:
Hence, the profit percentage is 8%.
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