Question

Raju bought a motorcycle for $36,000$ and then bought some extra fittings to make it perfect and good looking. He sold the bike at a profit of $10$% and he got $44,000$. How much did he spend to buy the extra fittings made for the motorcycle?

Answer 1

Let the C.P. be $100$.
Profit $=10$%, S.P. $=$ $110$
If S.P. is $110$, then C.P. is $100$.
When S.P. is $44,000$
C.P. $=\frac{44000\times 100}{110}=$ $40,000$
$\therefore$ Amount spent on extra fittings $=40,000-36,000=$ $4,000$.