Question

By selling a scooter for ₹61,200, a profit
of 20% is made. Then, the cost price is:
(a)₹ 51,000
(b) ₹350.000
(c) ₹49,000
(d) ₹52,000​

Answer 1

Answer:

a- ₹51000

Step-by-step explanation:

Here, S.P. is given and profit is given. We have to find CP.

Here, CP will be less than ₹61200 (SP) because if CP will be greater than S.P., then it will be loss but profit is already given. So, here CP will be less than SP

Now, we have to find CP.

If in case, we have to find SP and whole statement is as it is, then formula will be

SP= 100+P%/100×CP

But here, we have to find CP, so formula will be-

CP=100/100+P%×SP

Here, P% will be 20% and SP will be ₹61200

So, CP=100/100+20%×₹61200

CP=100/120%×₹61200

CP=₹51000 (when we will divide and multiply it)

So, the correct answer is ₹51000 which is option a