John purchased a machine for Rs. 80,000. After spending Rs.5000 on repair and Rs.1000 on transport he sold it with 25% profit. What price did he sell the machine? a)Rs.107000b)Rs.107500c)Rs.108500d)None of theseCorrect answer is option 'B'. Can you explain this answer?

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John purchased a machine for Rs. 80,000. After spending Rs.5000 on repair and Rs.1000 on transport he sold it with 25% profit. What price did he sell the machine?

a)
Rs.107000
b)
Rs.107500
c)
Rs.108500
d)
None of these

Correct answer is option 'B'. Can you explain this answer?

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John purchased a machine for Rs. 80,000. After spending Rs.5000 on rep...

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John purchased a machine for Rs. 80,000. After spending Rs.5000 on rep...

C.P. = (80000 + 5000 + 1000)
⇒ 86000
As we know that Profit = 25%
S.P. = 125% of 86000
⇒ (125/100 * 86000)
⇒ 107500 Rs.

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John purchased a machine for Rs. 80,000. After spending Rs.5000 on rep...

Given:
Cost price of the machine = Rs. 80,000
Expenses on repair = Rs. 5000
Expenses on transport = Rs. 1000
Profit = 25%

To find: Selling price of the machine

Solution:
Total cost incurred = Cost price + Expenses on repair + Expenses on transport
Total cost incurred = Rs. 80,000 + Rs. 5000 + Rs. 1000
Total cost incurred = Rs. 86,000

Profit percentage = 25%

Let the selling price be x
Profit = Selling price - Total cost incurred
25% of Total cost incurred = Selling price - Total cost incurred
0.25 * 86000 = x - 86000
21500 = x - 86000
x = Rs. 107500

Therefore, John sold the machine for Rs. 107500.

Answer: Option B - Rs. 107500.

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John purchased a machine for Rs. 80,000. After spending Rs.5000 on repair and Rs.1000 on transport he sold it with 25% profit. What price did he sell the machine? a)Rs.107000b)Rs.107500c)Rs.108500d)None of theseCorrect answer is option 'B'. Can you explain this answer?

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John purchased a machine for Rs. 80,000. After spending Rs.5000 on repair and Rs.1000 on transport he sold it with 25% profit. What price did he sell the machine? a)Rs.107000b)Rs.107500c)Rs.108500d)None of theseCorrect answer is option 'B'. Can you explain this answer? for Quant 2024 is part of Quant preparation. The Question and answers have been prepared according to the Quant exam syllabus. Information about John purchased a machine for Rs. 80,000. After spending Rs.5000 on repair and Rs.1000 on transport he sold it with 25% profit. What price did he sell the machine? a)Rs.107000b)Rs.107500c)Rs.108500d)None of theseCorrect answer is option 'B'. Can you explain this answer? covers all topics & solutions for Quant 2024 Exam. Find important definitions, questions, meanings, examples, exercises and tests below for John purchased a machine for Rs. 80,000. After spending Rs.5000 on repair and Rs.1000 on transport he sold it with 25% profit. What price did he sell the machine? a)Rs.107000b)Rs.107500c)Rs.108500d)None of theseCorrect answer is option 'B'. Can you explain this answer?.

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