Question

john purchased a machine for Rs 50,000 and
Spent 2000 on repair and RS 500
on transport and sold it with 20% profit. At what price did he
sell the machine?​

Answer 1

Answer:

He sold this machine at = Rs63000

Step-by-step explanation:

total= Rs 50000+2000+500= Rs 52500

20/100*52500= Rs 10500

selling price= 52500+10500= Rs 63000

Answer 2

Answer: Selling Price of the machine = Rs. 63,000

Concept : Profit and Loss

Given : Cost price of machine = Rs. 50000

             Expenditure = 2000 + 500

             Sold the machine at a profit of 20%

To Find : Selling price of machine

Step-by-step explanation:

We know that,

Selling price = $(\frac{100 + profitPercent}{100} * C.P )$

Total cost price = cost price + expenditure

                          = 50000 + 2000 + 500

                          = Rs. 52,500

∴ Selling price = $(\frac{100 + 20}{100}) * 52500$

                        = Rs. 63,000

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