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Question
The selling price of a computer was fixed at Rs.32200 so as to give a profit of 15%. During a sale the price of the same computer was reduced to Rs.29960. Calculate the actual profit or loss during the scale.
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Solution
Initial S..P. of a computer = Rs.3220
Profit = 15%
`"S.P."/"C.P." = 1 + "Profit"/(100)`
⇒ `(32000)/"C.P." = 1 + (15)/(100)`
⇒ `(32000)/"C.P." = (100 + 15)/(100)`
⇒ C.P. = `(100)/(115) xx 32200`
= Rs.28000
∴ C.P. of the computer = Rs.28000
If the S.P. of the computer is Rs.29960, S.P. > C.P.
∴ There would be a profit of
= S.P. - C.P.
= Rs.(29960 - 28000)
= Rs.1960.
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