A company rented a machine for Rs.700/- a month. Five years later the treasurer calculated that if the company had purchased the machine and paid Rs.100/- monthly maintenance charge, the company would have saved Rs.2000/-. What was the purchase price of the machine?


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Pratiksha Katkhede

  • Jan 4th, 2017

The company have already paid 700 Rs per month for 5yr. That means total Rs paid is=700*(12 months)*(5 yr)=42,000Rs.
if company purchased it , its only have to pay 100 Rs per month for 1 yr.
That means= 100*(12 months)=1200Rs.
They give condition as, if it pays this he company will save 2000 Rs.
42,000(already paid for 5 yr) + 1200(company have to pay for 1 yr)= 2000(company saves)

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Yogita Katkhede

  • Jan 4th, 2017


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  • Feb 15th, 2017

700 rupees a month for 5 years=>700*5*12=42000Rs
for maintenance 100 rupees for 5 year=6000(for 1year=>12 months, so for 5years=>60months)

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