16. A mechanic bought a machine for ? 32,500. He wants to take it out side the state. In doing so 15% of state tax is charged on it. If he wants to sell it there, at what price should he sellit to gain 20%?

16. A mechanic bought a machine for ? 32,500. He wants to take it out

1.	16. A mechanic bought a machine for ? 32,500. He wants to take it out side the state. In doing so 15% of state tax is charged on it. If he wants to sell it there, at what price should he sellit to gain 20%?
Answer» <html><body><p>THE SP IS ₹44,850Step-by-step <a href="https://interviewquestions.tuteehub.com/tag/explanation-455162" style="font-weight:bold;" target="_blank" title="Click to know more about EXPLANATION">EXPLANATION</a>:CP OF MACHINE = ₹32,500TAX CHARGED = 15%SO,TOTAL CP = 32500+(15% OF 32500) = 32500+4875 = ₹37375NOW,A.T.Q.,P% = <a href="https://interviewquestions.tuteehub.com/tag/20-287209" style="font-weight:bold;" target="_blank" title="Click to know more about 20">20</a>%LET THE SP BE xSO,P%=(P/CP)10020=[(x-37375)/37375]10020/100=(x-37375)/373751/5=(x-37375)/3737537375/5=(x-37375)7475=x-37375x=₹7475+₹37375x=₹44850SO,SP IS ₹44850I <a href="https://interviewquestions.tuteehub.com/tag/hope-25911" style="font-weight:bold;" target="_blank" title="Click to know more about HOPE">HOPE</a> YOU <a href="https://interviewquestions.tuteehub.com/tag/understood-2316982" style="font-weight:bold;" target="_blank" title="Click to know more about UNDERSTOOD">UNDERSTOOD</a> THE <a href="https://interviewquestions.tuteehub.com/tag/question-25051" style="font-weight:bold;" target="_blank" title="Click to know more about QUESTION">QUESTION</a></p></body></html>