Question

By selling a motorcycle for₹ 23,000 a dealer gains 15%. Find its cost price.

Answer 1

Answer:

20000

Step-by-step explanation:

gain%=15%

gain% = [(sp - cp)/cp] ×100

15/100 = (23000-cp)/cp

0.15 =(23000/cp)-1

1.15=23000/cp

cp=23000/1.15

cp = 20000 rs