Question

A scooter was purchased for Rs 50,000 and sold at a profit of 20%. The selling price of the scooter was *
1 point
Rs 55,000
Rs 60,000
Rs 65,000
Rs 70,000

Answer 1

Given

• Cost price of scooter = Rs.50,000
• Profit = 20 %

Find out

• Selling price of scooter

Solution

As we know that

$\implies\sf Selling\: Price=\dfrac{100+Profit\%}{100}\times{C.P} \\ \\ \\ \implies\sf S</p><p>.P=\dfrac{100+20}{100}\times{50,000} \\ \\ \\ \implies\sf S.P= \dfrac{120}{100}\times{50,000} \\ \\ \\ \implies\sf S.P=120\times{500} \\ \\ \\ \implies\sf S.P=Rs.60,000$

Hence, the selling price of scooter is Rs.60,000

Additional Information

• Profit = P% × C.P/100
• Loss = L% × C.P/100
• Profit % = Profit/C.P × 100
• Loss % = Loss/C.P × 100
• Discount % = Discount/Marked price × 100

Answer 2

✯✯ QUESTION ✯✯

A scooter was purchased for Rs 50,000 and sold at a profit of 20%. The selling price of the scooter was :-

A)Rs 55,000

B)Rs 60,000

C)Rs 65,000

D)Rs 70,000

━━━━━━━━━━━━━━━━━━━━

✰✰ ANSWER ✰✰

$\implies\tt{C.P\:of\:Scooter=Rs.50,000}$

$\implies\tt{Profit=20\%}$

$\implies\tt{S.P\:of\:Scooter=?}$

➥Using Formula : -

$\implies\tt{\small{\boxed{\bold{\bold{\red{\sf{S.P=\dfrac{100+Profit\%}{100}\times{C.P}}}}}}}}$

➥Putting Values :

$\implies\tt{S.P=\dfrac{100+20}{100}\times{50000}}$

$\implies\tt{S.P=\dfrac{120}{100}\times{50000}}$

$\implies\tt{S.P=12\times{5000}}$

$\implies\tt{S.P=60,000}$

☛Therefore,Selling Price (S.P) of Scooter is Rs. 60,000..

✔So , Option B) is correct..