Question

By selling a moter cycle for 23000 a dealer gains 15% . Find its cost price.​

Answer 1

Step-by-step explanation:

Let the cost price(C.P.)=Rs x

Given S.P.=Rs 23000

And gain%=15

So,

Gain%=

S.P.−C.P.

C.P.

×100

⇒15=

23000−x

x

×100

⇒15x=2300000−100x

⇒115x=2300000

⇒x=

2300000

115

⇒x=20000

Hence cp of motorcycle is Rs 20000.