Question

Gaurav lost 15% by selling a cycle for Rs 1530. Find the cost price of the cycle.

Answer 1

Answer:

Rs 2040

Step-by-step explanation:

Loss = 15%

Selling Price, SP = Rs 1530

Let the Cost of cycle be x.

So, Actual Cost - Loss = SP

x - 15% of x = SP = 1530

x - 15x/100 = 1530

75x/100 = 1530

75x = 153000

x = 153000/75

x = 2040

Hence, the actual Cost of cycle is Rs 2040.

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