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Profit and Loss
Raheem sells a machine for Rs 48 lakhs at a loss. Had he sold it for Rs 60 lakh, his gain would have been 5 times the former loss. Find the cost price of the machine.
Rs 58 lakhs
Rs 69.6 lakhs
Rs 42 lakhs
Rs 50 lakhs
Correct Answer:
Rs 50 lakhs
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