Question

Body and soul gym centre sells its brand new treadmill on an online bidding site at a profit of 20%. Had the centre sold
the treadmill for Rs.500 more, the profit would have been 25%. How much did the treadmill cost the gym centre when
they had bought it initially?
Select one:
O a. Rs. 5,000
O b. Rs. 6,000
O c. Rs. 10,000
O d. Rs. 15,000
​

Answer 1

Answer:

c. Rs. 10,000

Step-by-step explanation:

hope this solution helps you

Answer 2

Answer:

The cost price of the treadmill was 10000/-.

Step-by-step explanation:

• Suppose Body and soul gym centre bought the treadmill at Rs.100.

        The cost price of the treadmill = 100/-

        At the time of selling, they earn 20% profit that means in 100/- cost price profit becomes 20/-

      So, selling price = cost price + profit = 100 + 20 = 120/-

• If the profit becomes 25% then cost price = 100/-, profit = 25/-

                                                            selling price = 100 + 25 = 125/-

• The difference between selling prices = 125 - 120 = 5/-

       It is given in question that the difference in selling prices is 500/-

       So, we can say 5 is equivalent to 500.

                                 1 is equivalent to $\frac{500}{5}$ = 100/-

                                100 is equivalent to 100 × 100 = 10000/-

   ∴ The cost price of the treadmill was 10000/-.

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