Jeevan bought a machine from a factory for Rs. 90000. He paid the tax of Rs.1400 and spent Rs. 800 on transport, besides Rs. 200 on porterage. He sold the machine for Rs. 98000. How much was his profit ?
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Answer:
CP of machine 90000+1400+800+200=92,400
Formula of Profit SP-CP=98,000-92,400=5,600
Jeevan make profit of ₹5,600
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