Question

By selling a scooter for Rs.$9,200$, a man gains $15\%$. Find the cost price of the scooter.

Answer 1

Selling price of scooter, S.P.$=Rs.9200$

Percentage Profit $=15$%

Let cost price is $x$

then Profit $=S.P.-C.P.=9200-x$

Now, Profit %$=\frac{Profit}{C.P.}\times 100$

$15=\frac{9200-x}{x}\times 100$

$3=\frac{9200-x}{x}\times 20$

$3x=184000-20x$

$23x=184000$

$x=Rs.8000$