Question

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

• A. ₹56,800
• B. ₹47,200
• C. ₹4,800
• D. ₹52,000

Answer 1

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

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