Practicing Success
A dealer sold 6 sewing machines for ₹63,000 with a profit of 5%. For how much should he sells 8 machines if he intends to earn 15% profit? |
₹88,200 ₹69,300 ₹92,000 ₹92,400 |
₹92,000 |
We know that, SP = [(100 + P%)\(\frac{1}{100}\) ] × CP We have, SP of 6 sewing machines = 63000 Profit = 5% SP of 1 sewing machines = \(\frac{63000}{6}\) = Rs. 10,500 CP of 1 sewing machine = 10,500 × (\(\frac{100}{105}\)) = 10,000 New SP of 1 sewing machine = 10000 × (\(\frac{115}{100}\)) = 11,500 New SP of 8 sewing machines = 11500 × 8 = 92000 |