1.

1). Rs. 58.25 lakhs2). Rs. 65.75 lakhs3). Rs. 75.14 lakhs4). Rs. 50.75 lakhs

Answer»

LET the LOSS be x

? Selling PRICE = 57 lakhs

Selling price = cost price – loss = 57 lakhs

If the selling price would have been 67 lakhs

Then, gain = 7x

∴ Selling price = 67 lakhs

Cost price + 7x = 67 lakhs

Also, cost price – x = 57 lakhs

Subtracting the above 2 eqns. We get,

8x = 10 lakhs

x = 1.25 lakhs

∴ cost price = Selling price + loss = 57 + 1.25

Cost price = 58.25 lakhs



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