Question

By selling a motor bicycle for 56320 the shopkeeper loss 12%. find the price he had paid to buy the bike

Answer 1

Let CP be x

SP=CP-LOSS%

56320=X-12% of X

56320=X-(12/100)X

56320=(88/100)X

(56320×100)/88= X

X=64000

Answer 2

SP of the motorcycle= rupees 56,320

Loss: 12%

SP=CP

S6320= CP( 1 - 12/100)

S6320= CP X 88/100

CP= S6320 X 100/ 88

= rupees 64,000