Question

Rahul sells a machine for rupees 50 lacs at a loss had he sold it for 60 lacs his gain would have been 7 times the earlier loss what is the cost price of the machine​

Answer 1

Answer:

cost price = 51.25 lacs

Step-by-step explanation:

let, loss = x

profit= 7x

profit + loss = x + 7x = 60 - 50 = 10 lacs

or, x = 10/8 = 1.25 lacs

profit = 8.75 lacs

loss = 1.25 lacs

cost price = selling price - profit

= 60 - 8.75

= 51.25

cost price = selling price + loss

= 50 + 1.25

= 51.25