Question

Ram sold a house for ₹57.5 lakh. If he had sold it for ₹54 lakh, he would have got 7% of the cost less. What was the CP (cost price)?​

Answer 1

Answer:

Let the Cost price of machine be X

As per the statement

Case 1: There is a loss in the transaction. So CP >SP

Loss =X-50

Case 2: There is a gain so SP>CP

Gain=60-X

As per equation

7*{X-50}=60-X

8x =410

X=51.25 (Ans)

Step-by-step explanation:

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