John purchased a machine for rs 1250000.he spend rs 25000 for transportation he paid 20 percent tax on the cost price. For getting 10 percent profit how much should be the selling price
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Answer:
CP = Rs. 12,50,000
Transportation = Rs. 25,000
Tax = 20% of CP
= 20/100*12,50,000
= Rs.25,000
Total CP = 12,50,000+25,000+25,000
= Rs. 12,80,000
Profit% = Profit / CP *100
10% = Profit / 12,80,000 * 100
Profit = 12,80,000 * 10 / 100
Profit = Rs. 1,28,000
SP = 12,80,000 + 1,28,000
SP = Rs. 14,08,000 Ans.
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