Rajat sells a machine for Rs 53 lakhs at a loss. Had he sold it for Rs 64 lakh, his gain would have been 10 times the former loss. Find the cost price of the machine.
A) Rs 63 lakhs B) Rs 69.3 lakhs C) Rs 45 lakhs D) Rs 54 lakhs
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Answer:
(D) 54 LAKHS
Step-by-step explanation:
s.p1=53 lakhs
loss=c.p-s.p
loss=c.p-53-----(1)
s.p2=64lakhs
Gain=s.p-c.p
gain=64-c.p
Gain =10 loss
10 loss= 64-c.p
10(c.p-53)=64-c.p
10c.p-530=64-c.p
11c.p=594
c.p=54lakh
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