The very same printer is working in my office for more than one year. Very good in all respects. And it will cost much less than your budget.
If you need only B&W prints and at low cost, you can extend your budget a little more and buy a laser printer. Models from Xerox are available for Rs.4000+
i am thinking go for HP 3500 because you can print your chemistry and phy project to poonam jha and salander and get comp in chem. did you remember me na rashmi. friend in need is friend in deed so go for HP
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