What is the cost price of the machine if 10% more is gained by selling a machine for Rs 1,000 than for Rs 920?

AR Artu016braskanapkis asked on 21 May 2020, 11:20
1 answers / 406 views / 7 votes
KS

Be analytical.

Difference of Rs 80 in Selling Price represents 10% of Cost Price.

=> Cost Price = 80/10 x 100 = Rs 800.

Check :

Case 1 :

Profit = SP - CP = 920 - 800 = 120

Case 2 :

Profit = SP - CP = 1000 - 800 = 200

Difference in profits = Rs 80

;-)

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