Question

By selling a motorcycle for ₹ 56,320 ,the shopkeeper losses 12% .find the price he had paid to buy the bike

Answer 1

Hi friend!!!
---------------------------------------------------------------------------------------------------------

Let us see what information is given:-
S.P (Selling Price) = 56,320
Loss % = 12%

Now let us see what should we need to find:
C.P= ?

In some cases we need to find loss too but here I will tell you a direct method.

So now just think, If the cost price of motorcycle is 100 and loss% is 12% so Rs. 12 will be the loss so the selling price will be 100-12= 88

Now write in this way:

Cost Price                Selling Price
100                              88
x                                  56320


Now cross multiply 

88*x=100*56320
88x=5632000
x=5632000/88
x=64000

So the Cost price is Rs.64000

Hope this helped you!

Regards
crystinia

Rank:Ace