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A trader sold a truck at a loss of 6%. If he sold it for Rs. 15750 more, he would have gained 15%. What is the cost price of the truck?1. Rs. 750002. Rs. 80,0003. Rs. 45,0004. Rs. 50,000 |
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Answer» Correct Answer - Option 1 : Rs. 75000 Given∶ Loss = 6% Formula used∶ Selling price = cost price – loss Selling price = cost price + profit Calculation∶ Let the cost price is Rs. x Selling price = x – 6% of x ⇒ 94x/100 New selling price = x + 15% of x ⇒ (94x/100) + 15750 = x + 15% of x ⇒ (94x/100) – (115x/100) = -15750 ⇒ 21x/100 = 15750 ⇒ x = Rs. 75,000 ∴ The cost price is Rs. 75,000. |
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