Question:
A trader sells three motorcycles for Rs 5400, Rs 3300 and Rs 5250 respectively. He gains 20% on the first motorcycle, 10% profit on the second and 25/8% loss on the total. Find the cost price of the third.
Answers
Answer:
Question :
A trader sells three motorcycles for Rs 5400, Rs 3300 and Rs 5250 respectively. He gains 20% on the first motorcycle, 10% profit on the second and 25/8% loss on the total. Find the cost price of the third.
Answer :
- ➤ The cost price of third motorcycle is Rs.6900.
Given :
- ➤ A trader sells three motorcycles for Rs 5400, Rs 3300 and Rs 5250 respectively.
- ➤ Trader gains 20% on the first motorcycle, 10% profit on the second and 25/8% loss on the total.
To Find :
- ➤ The cost price of third motorcycle.
Using Formulas :
- ⇢ C.P = Cost Price
- ⇢ S.P = Selling Price
Solution :
Finding the cost price of first motorcycle :
- ⇢ S.P = Rs.5400
- ⇢ Gain% = 20%
∴ The cost price of first motorcycle is Rs.4500.
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Finding the cost price of second motorcycle :
- ⇢ S.P = Rs.3300
- ⇢ Gain% = 10%
∴ The cost price of second motorcycle is Rs.3000.
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Finding the cost price of third motorcycle :
- ⇢ Let the cost price of third motorcycle be Rs.x.
∴ The cost price of third motorcycle is Rs.x.
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Finding the total selling price of three motorcycles :
- ↠ S.P of first motorcycle = Rs.5400
- ↠ S.P of second motorcycle = Rs.3300
- ↠ S.P of third motorcycle = Rs.5250
∴ The total selling price of three motorcycles is Rs.13950.
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Finding the total cost price of three motorcycles :
- ↠ C.P of first motorcycle = Rs.4500
- ↠ C.P of second motorcycle = Rs.3000
- ↠ C.P of third motorcycle = Rs.x
∴ The total cost price of three motorcycles is Rs.7500+x.
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Now,
- ⇢ Loss% = 25/8%
- ⇢ Selling Price = Rs.13900
- ⇢ Cost Price = 7500+x
We can see that the cost price is more than selling
- ⇢ C.P > S.P
∴ The cost price of third motorcycle is Rs.6900.