Select the correct answerA used two-wheeler dealer sells a scooter for Rs.46,000 and makes some loss. If he had sold it for Rs.58,000 his profit would have been double his loss. What was the cost price (in Rs.) of the scooter?Options52000480005000054000
Question
Select the correct answerA used two-wheeler dealer sells a scooter for Rs.46,000 and makes some loss. If he had sold it for Rs.58,000 his profit would have been double his loss. What was the cost price (in Rs.) of the scooter?Options52000480005000054000
Solution
Let's solve this step by step:
-
Let's assume the cost price of the scooter is 'x'.
-
According to the problem, the dealer sells the scooter for Rs.46,000 and incurs a loss. So, the loss is 'x - 46000'.
-
The problem also states that if the dealer sold the scooter for Rs.58,000, his profit would have been double his loss. So, the profit is '58000 - x'.
-
Since the profit is double the loss, we can set up the equation: 2(x - 46000) = 58000 - x.
-
Solving this equation will give us the cost price 'x'.
Let's solve the equation:
2x - 92000 = 58000 - x 3x = 150000 x = 50000
So, the cost price of the scooter is Rs.50,000.
Similar Questions
Select the correct answerA used car dealer sells a car for Rs.7.6 lakhs and makes some loss. If he had sold if for Rs.9.2 lakhs his profit would been thrice his loss. What was the cost price of the car (in Rs lakhs)?Options8.58.2588.75
Select the correct answerAnu sold an article for Rs.480 at some profit. Had she sold it for Rs.400, then there would have been a loss equal to one-third of the initial profit. What was the cost price of the article?OptionsRs.425Rs.450Rs.430Rs.420
Select the correct answerA sells a bicycle to B and makes a profit of 20%. B sells the same bicycle to C at a profit of 25%. If the final S.P. of the bicycle was Rs.225, find out the cost price of the bicycle for A.Options200150100700
Select the correct answerA man purchased a carriage and horse in Rs.1500. By selling the horse at 10% loss and carriage at 20% profit he earned a profit of 8% on the whole transaction. What is the price of carriage (in Rs.)?Options500650900400
Select the correct answerA trader sold an article at profit of 20%. Had he bought that article at 60% less price and sold it at Rs 90 less, then he would have gained 50%. What is the value (in Rs) of cost price?Options150250300200
Upgrade your grade with Knowee
Get personalized homework help. Review tough concepts in more detail, or go deeper into your topic by exploring other relevant questions.