The cost price of two washing machines is the same. One of the washing machines is sold at a profit of 15% and the Selling Price of another washing mashing machine is Rs 3400 more than the first one. The net profit is 20%. What is the cost of each washing machine?
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The cost of each washing machine is Rs. 34000.
Step-by-step explanation:
Since we have given that
Let the cost price of each washing machine be 'x'.
Profit on first washing machine = 15%
So, Selling price of washing machine is given by
Selling price of another machine is Rs. 3400 more than selling price of first machine.
so, it becomes,
Net profit = 20%
So, Total selling price would be
According to question, it becomes,
Hence, the cost of each washing machine is Rs. 34000.
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The cost price of an article is 30% of its selling price. what percent is the selling price to that of the cost price