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A shop is sold at 30% profit, the amount of brokerage at the rate of 3/4% amounts to rs. 73,125.find cost of the shop. |
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Answer» Given: Profit obtained on SELLING a shop = 30% Amount of brokerage at 3/4% = RS 73,125 To FIND: The COST of the shop Calculation: Let the cost price(C.P) of the shop is ‘x’ Selling price of the shop = x + (30% of x) = 1.30x Amount of brokerage at 3/4% = Rs 73,125 => (3/400)×1.30x = 73,125 3.9x = 73,125 × 400 3.9x = 29,250,000 x = 7,500,000 The cost of the shop is 7,500,000 |
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