Question

A mototrcycle was sold at 20% profit for Rs. 40,000. Its cost price is

• A. $Rs.40000\times \frac{100}{120}$
• B. $Rs.40000\times \frac{120}{100}$
• C. $Rs.40000\times \frac{80}{100}$
• D. $Rs.40000\times \frac{100}{80}$

Answer 1

Answer: (A)

$Rs.40000\times \frac{100}{120}$

Selling Price $=$ Rs $40,000$
Profit $=20\%$
Let the cost price $=$ Rs $x$
Now $SP=CP+Profit$
$SP=x+20$ % of $x$
$40000=x+\frac{20}{100}\times x$
$x=\frac{40000\times 100}{120}$
$CP=\frac{40000\times 100}{120}$