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A and B enter into a joint venture for purchase and sale of Type-writer. A purchased Typewriter costing Rs 100000. Repairing expenses Rs 10000, printing expenses Rs 10000.B sold it at 20% margin on selling price. The sales value will be:
  • a)
    Rs. 125000
  • b)
    Rs. 150000
  • c)
    Rs. 100000
  • d)
    Rs. 140000
Correct answer is option 'B'. Can you explain this answer?
Verified Answer
A and B enter into a joint venture for purchase and sale of Type-write...
Cost of Typewriter = 100000+10000+10000=120000
Sold goods on 20% margin on sales price means 25% on cost price. 
So, 120000 *25%=30000 Rs. Profit
So Sales Price= Cost Price+Profit
=120000+30000=150000 Rs.
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Most Upvoted Answer
A and B enter into a joint venture for purchase and sale of Type-write...
Sales Value = Cost Price + Repairing Expenses + Printing Expenses + Margin

Sales Value = Rs 100000 + Rs 10000 + Rs 10000 + 20% of Sales Value

Let's solve the equation step by step to find the sales value.

Step 1: Calculate the margin on the selling price.
Margin on Selling Price = 20% of Selling Price

Step 2: Substitute the margin on the selling price in the equation.
Sales Value = Rs 100000 + Rs 10000 + Rs 10000 + 20% of Sales Value

Step 3: Simplify the equation.
Sales Value = Rs 100000 + Rs 20000 + 20% of Sales Value

Step 4: Move 20% of Sales Value to the left side of the equation.
80% of Sales Value = Rs 100000 + Rs 20000

Step 5: Divide both sides of the equation by 80% to find the sales value.
Sales Value = (Rs 100000 + Rs 20000) / 80%

Step 6: Convert 80% to decimal form.
Sales Value = (Rs 100000 + Rs 20000) / 0.8

Step 7: Calculate the numerator.
Sales Value = Rs 120000 / 0.8

Step 8: Divide Rs 120000 by 0.8 to find the sales value.
Sales Value = Rs 150000

Therefore, the sales value of the typewriter will be Rs 150000, which is option 'B'.
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A and B enter into a joint venture for purchase and sale of Type-writer. A purchased Typewriter costing Rs 100000. Repairing expenses Rs 10000, printing expenses Rs 10000.B sold it at 20% margin on selling price. The sales value will be:a)Rs. 125000b)Rs. 150000c)Rs. 100000d)Rs. 140000Correct answer is option 'B'. Can you explain this answer?
Question Description
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