Rajan sells a machine for Rs 52 lakhs at a loss. Had he sold it for Rs 62 lakh, his gain would have been 9 times the former loss. What is the cost price of the machine?
Let cost price of the machine = Rs. $$x$$ lakhs
Selling price = Rs. 52 lakhs
=> Loss = Rs. $$(x - 52)$$ lakhs
If he sold it for Rs 62 lakh, his gain = Rs. $$(62 - x)$$ lakhs
According to ques, => $$(62 - x) = 9 \times (x - 52)$$
=> $$62 - x = 9x - 468$$
=> $$9x + x = 62 + 468 = 530$$
=> $$x = \frac{530}{10}$$ = Rs. 53 lakhs
Create a FREE account and get:
