A second hand bike was sold at ₹66000, at a loss of ₹5000. What is the cost price of the bike?

₹70000

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₹69000

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₹71000

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₹72000

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Solution

The correct option is C
₹71000

Given that Selling Price (SP) = ₹66000 and loss = ₹5000.

We know that loss is calculated as:
Loss = CP - SP

$∴$ CP = SP + Loss
= ₹66000 + ₹5000
= ₹71000

Thus, the cost price of the bike is ₹71000.

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