Question

8. By selling an electric pump at a cost for 4.800, a
farmer loses one quarter of what it cost him. What
was the cost price?
(A) 6.400
(B) 1.200
(C) 76,000
(D) Cannot be determined
(E) None of the above​

Answer 1

Answer:

Cost = CP

Loss = L

Selling Price = SP

Here, farmer is at loss

So, Cost Price - Loss = Selling Price

CP-L=SP which is $4800

1) CP-L= $4800

and Loss is quater of CP

2) L = 1/4 CP

So, from 1 & 2

CP-1/4CP = $4800

3/4CP=$4800

CP=($4800x4)/3 = $1600x4 = $6400

So, he made the pump at a cost of $6400, but sold it at $4800, losing $1600 (which is quater of cost price $6400)

Step-by-step explanation:

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