A dealer sold 6 sewing machines for Rs 63,000 with a profit of 5%. For how much should he sells 8 machines if he intends to
earn 15% profit?
This questions was previously asked in
SSC CGL 3rd March 2020 Shift-3
Rs88,200
Incorrect AnswerRs69,300
Incorrect AnswerRs92,400
Incorrect AnswerExplanation:
- The dealer sold 6 machines for Rs 63,000, achieving a 5% profit.
- To find the cost price (CP) per machine, first calculate the total CP for 6 machines: Let total CP be X. X * 1.05 = 63,000; hence, X = 63,000 / 1.05 = Rs 60,000.
- CP per machine: Rs 60,000 / 6 = Rs 10,000.
- To sell 8 machines with a 15% profit, first find the selling price (SP) per machine with this profit: Rs 10,000 * 1.15 = Rs 11,500.
- Total SP for 8 machines: Rs 11,500 * 8 = Rs 92,000.
- The correct option is Option:3 - Rs 92,000.
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By: santosh