Question

Ravi sold a bike for Rs.49500 at a profit of Rs.2500. At what price did he buy the bike?

Answer 1

Given

• Selling price of the bike = Rs. 49,500
• Profit on the bike = Rs. 2,500

To find

• Cost price of the bike

Solution

❖ Formula to be used :-

• Cost price = S.P - P

Where,

• S.P = Selling price of the bike
• P = Profit on the bike

Substituting the given values,

⟶ Rs. 49,500 - Rs. 2,500

⟶ Rs. 47,000

Cost price of the bike = Rs. 47,000

∴The price at which Ravi bought the bike = Rs. 47,000

________________________________

Some related formulae :-

• Cost price = Selling price + Profit
• Selling price = Cost price + Profit
• Selling price = Cost price - Loss
• Profit = Selling price - Cost price
• Loss = Cost price - Selling price
• Profit % = Profit/C.P × 100
• Loss % = Loss/C.P × 100

Answer 2

Given :

Selling price of the bike = Rs. 49,500

Profit on the bike = Rs. 2,500

To find :

Cost price of the bike

Solution

❖ Formula to be used :-

• Cost price = S.P - P

Where,

• S.P = Selling price of the bike
• P = Profit on the bike

Substituting the given values,

⟶ Rs. 49,500 - Rs. 2,500

⟶ Rs. 47,000

Cost price of the bike = Rs. 47,000

∴The price at which Ravi bought the bike = Rs. 47,000

________________________________

Some related formulae :-

Cost price = Selling price + Profit

Selling price = Cost price + Profit

Selling price = Cost price - Loss

Profit = Selling price - Cost price

Loss = Cost price - Selling price

Profit % = Profit/C.P × 100

Loss % = Loss/C.P × 100