Question

Raj purchased an old bike for 35000 and spent 1500 for its repair then he sold it for a profit of 15%. Find the cost price.

Answer 1

Raj purchased an old bike for 35000.
So cost price = Rs. 35000
amount spent for repair = Rs. 1500
Total amount spent = 35000+1500 = Rs. 36500

Sold it at a profit of 15%.
Profit = $\frac{15}{100} \times 36500=Rs.\ 5475$
Selling Price = 36500 + 5475 = Rs. 41975

Cost price = Rs. 35000
Selling Price = Rs. 41975