Finding Prices / Charges Related to Buying and Selling
A person want...
Question
A person wanted to sell a scooter at a loss of 25%. But at the last moment he changed his mind and sold the scooter at a loss of 20% . If the difference in the two SP's is Rs4,000, then find the CP of the scooter.
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Solution
Let the cost price be 100x Loss= 25% SP= 25/100x * 100 =25x. Loss=20%. SP=20/100z *100=20x. So, 25x-20x= 4000. =>5x=4000. =>x=4000/5. =>x=800. So 100x= 100×800=80000Rs. So cost price is 80,000Rs.