Question

Kanta sold sewing machine at gain of 16%. had he sold for ₹32 more he would have gained 18% What is the cost price of the sewing machine? ​

Answer 1

Answer:

Prefer the attachment✔️✔️

• Extra Information :-

• Profit is also called the net income and is the amount of earnings that exceed expenses for the period. In other words, it is the amount of income left over after doing all the necessary and matched expenses are subtracted for the period. It is the profit which motivates a businessman to undertake business.

• The profit formula is used to know about the profit has been made by selling a particular product. Formula for profit is mainly used for business and financial transactions. It is a fact that profit arises when the selling price of any product sold is greater than the cost price.

Hope It's Helpful....:)

Answer 2

hi buddy

here is your answer

let the cost price of machine be =RS x

profit =16%

x × 16/100

=2x. ×25

selling price=cost price + profit

=x +2x/25

=25+2x/25

=27x/25

so the selling price is RS =27x/25

selling price =27x/25 +32

profit =18

x× 18/100

=(180-110x)/100 =32

70x =32×100

x=(32×100)/70

x=45

cost price of sewing machine =45RS

hope it helps

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#Sibi ❤