Question

By selling a motor cycle for $Rs.23,000$ a dealer gains $15\%$. Find its cost price (in $Rs.$)

Answer 1

Given: $S.P=Rs.23,000$

$Gain\%=15\%$

$\therefore C.P=\frac{S.P}{100+Gain\%}\times 100$

$=\frac{23,000}{100+15}\times 100$

$=\frac{23,000}{115}\times 100$

$=200\times 100=20000$

$\therefore C.P=Rs.20,000$