Riffa sold a motor cycle for ₹ 10,600 and gained 6% on it. Find the cost price of
the motorcycle.
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Answer:
cost price of motor cycle is 10000 rupees
Step-by-step explanation:
given
SP of motor cycle = 10600
profit = 6%
CP = ?
let CP of motor cycle = X
profit = 6% of X
profit = X× 6/100
profit = 6X/100
now
we know SP = CP + profit
SP = 10600
CP = X
profit = 6X/100
so put all values in formula
10600 = X + 6X/100
10600 = ( 100X + 6X )/ 100
106X/100 = 10600
106X = 10600×100
X = 10600×100/106
X = 100×100
X = 10000 rupees
cost price of motor cycle is 10000 rupees
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