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Peter purchased a machine for Rs. 80,000...

Peter purchased a machine for Rs. 80,000 and spent Rs. 5000 on repair and Rs. 1000 on transport and sold it with 25% profit. At what price did he sell the machine ?

A

Rs. 1,05, 100

B

Rs. 1,06,250

C

Rs. 1,07,500

D

Rs. 1,17,500

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The correct Answer is:
To find the selling price of the machine that Peter sold with a 25% profit, we can follow these steps: ### Step 1: Calculate the Total Cost Price Peter initially purchased the machine for Rs. 80,000. He also incurred additional costs for repairs and transport. - Cost of the machine = Rs. 80,000 - Repair cost = Rs. 5,000 - Transport cost = Rs. 1,000 Now, we add these costs together to find the total cost price (CP). \[ \text{Total Cost Price} = \text{Cost of machine} + \text{Repair cost} + \text{Transport cost} \] \[ \text{Total Cost Price} = 80,000 + 5,000 + 1,000 = 86,000 \] ### Step 2: Calculate the Profit Peter sold the machine at a profit of 25%. To find the profit amount, we calculate 25% of the total cost price. \[ \text{Profit} = 25\% \text{ of Total Cost Price} = \frac{25}{100} \times 86,000 \] \[ \text{Profit} = 0.25 \times 86,000 = 21,500 \] ### Step 3: Calculate the Selling Price Now, we can find the selling price (SP) by adding the profit to the total cost price. \[ \text{Selling Price} = \text{Total Cost Price} + \text{Profit} \] \[ \text{Selling Price} = 86,000 + 21,500 = 107,500 \] ### Final Answer Peter sold the machine for Rs. 107,500. ---
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MAHENDRA-PROFIT AND LOSS -EXERCISE (PROFIT AND LOSS)
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  4. Peter purchased a machine for Rs. 80,000 and spent Rs. 5000 on repair ...

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  12. If selling price of an article is 5/4 of cost price, find gain %.

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  13. The ratio of the cost price and the selling price is 7:5. The profit p...

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  14. The ratio between the sale price and the cost price of an article is 7...

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  15. A man gains 20% by selling an article for a certain price. If he sells...

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  16. The profit earned by selling an article for Rs. 900 is double the loss...

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  17. Profit earned by selling an article for Rs. 1060 is 20% more than the ...

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