Neha runs a bakery shop and recently invested in new baking equipment costing ₹300,000. She also spent ₹150,000 on ingredients and initial stock. Neha sells cakes and pastries, marking up the prices by 40%. Due to a festive season, she offers a 15% discount on all items. To further expand her business, Neha took a loan of ₹200,000 from a bank at an interest rate of 10% per annum, compounded annually. She employs two bakers to help her. The first baker can bake 30 cakes in 10 hours, while the second baker can bake the same number in 15 hours. They work together for a certain period and then the first baker continues alone to complete the baking of 60 cakes.
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1.What is the effective selling price of a cake initially priced at ₹400 after the markup and subsequent discount?
2.What will be the total amount Neha needs to repay after 2 years for the loan taken from the bank?
4.How much total time is needed for both bakers to bake 60 cakes if they work as per the given schedule?
5.If Neha sold items worth ₹300,000 at the marked-up price, what was her gross profit from these sales?