Question

By selling a motor cycle for Rs.23,000 a dealer gains 15%.Find its cost price

Answer 1

Step-by-step explanation:

SP= ₹ 23,000

Gain% = 15 %

If, SP = ₹ 115 then, CP = ₹ 100

If, SP = ₹ 1 then, CP = ₹

$\frac{100}{115}$

If, SP = ₹ 23,000 then, CP = ₹

$\frac{100}{115} \times 23000 \\ = \frac{20}{23} \times 23000 \\ = 20 \times 1000 \\ = 20000$

Therefore, CP = ₹ 20000