Question

By selling a motorcycle for rs. 56,320,the shopkeeper loses 12%.Find the price he had paid to buy the bike.

Answer 1

I think the CP would be RS. 64000

Answer 2

Given:

S.P.=56320

Loss=12/100

let C.P=x

Therefore, loss=12/100×X

Loss=c.p-s.p
12x/100=x-56320
12x=100x-5632000
5632000=100x-12x
5632000=88x
5632000/88=x
64,000=x
so therefore x=64,000