Question
Download Solution PDFA Microwave oven is sold in Hyderabad for Rs. M. A retailer, Elahi from Hyderabad went to Madras and bought it for 25% less (when compared to the price in Hyderabad). He spends Rs. 1,000 on transport to bring it from Madras to Hyderabad. He sold it in Hyderabad for Rs. M making a profit of 10%. Find the value of M (in Rs.).
Answer (Detailed Solution Below)
Detailed Solution
Download Solution PDFGiven:
A Microwave oven is sold in Hyderabad for Rs. M.
A retailer, Elahi from Hyderabad went to Madras and bought it for 25% less (when compared to the price in Hyderabad).
Calculation:
Price at Madras = M × 75%
⇒ 3M/4
According to the question,
(3M/4 + 1000) × 110% = M
⇒ (3M/4 + 1000) × 110/100 = M
⇒ (3M/4 + 1000) × 110 = 100M
⇒ 82.5M + 110000 = 100M
⇒ 17.5M = 110000
⇒ M = 110000/17.5
⇒ M = 6285.71 ≈ 6285.7
∴ The value of M is 6285.7.
Last updated on Jun 13, 2025
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