Question

10. A motorcycle was sold by a shopkeeper for cash down payment of 34,000
alongwith two equal annual instalments of 12,000 each. If the rate of interest
charged was 25% per annum compounded annually, find the cash price of the
motorcycle. with explanation​

Answer 1

SP = Rs.12000

Gain = 20%

CP==

100−20

100

∗12000

=

80

100

∗12000

=Rs.15000

Scooter -

SP=Rs.12000

gain=20%

Cp = =

120

100

∗10000

Total CP=Rs.15000+Rs.10000=Rs.25000

Total SP=Rs.12000∗2=Rs.24000

Loss = total CP= total SP

=Rs.25000−Rs.24000

=Rs.1000

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hope you will right answer