A man sells his scooter at 5% loss. If he sells it for Rs. 80 more, he would have gained 5%. The cost price of the scooter is.
- AOption (a)
Rs. 1600
- BOption (b)
Rs. 1200
- COption (c)
Rs. 1000
- DOption (d)
Rs. 800
- EOption (e)
Rs. 500
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Correct answer
Rs. 800
Why this answer is correct
Given:
a = -5%
b = 5%
R = Rs. 80
Formula used:
Profit% = {R/(b - a) × 100}
Calculation:
Here, a = -5%, b = 5%, R = Rs. 80
⇒ According to the formula,
⇒ CP of scooter = {R/(b - a) × 100}
⇒ 80/(5 + 5) × 100 = Rs. 800
∴ The cost price of the scooter is Rs. 800.
Alternate Method
Let CP = x
⇒ Then, according to the Q.,
⇒ 105x/100 – 95x/100 = 80
⇒ 21x/20 – 19x/20 = 80
⇒ 2x/20 = 80
⇒ x = 800
∴ The cost price of the scooter is Rs. 800.
