If a machine is bought for 2,84,000 and sold at a profit of 12.5% find its selling price.
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Answer:
given C.P.=Rs284000
profit %=12.5%
S.P.=[(100+profit%)/100]×C.P.
S.P.=[(100+12.5)/100]×284000
S.P.=112.5×284000/100=319500
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