A second hand bike was sold for ₹52,000, at a loss of ₹4,800. Find the cost price of the bike.

₹56,800

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₹47,200

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₹4,800

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₹52,000

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Solution

The correct option is A
₹56,800

Given:

Selling Price (SP) of the bike = ₹52,000
Loss = ₹4,800

When a loss is incurred, we must have CP > SP.
Also, CP - SP = Loss.

i.e., CP = SP + Loss

$∴$ CP =₹ (52000 + 4800) = ₹56800
Hence, the cost price of the bike is ₹56,800.

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