Question 61

Sohan purchased an old scooter, and sold it for ₹28,000 thus gaining a 12% profit on the cost price. The cost price of the scooter is:

Solution

Let the cost price of the scooter = C

Profit% = 12%

$$\Rightarrow$$ Selling price of the scooter = $$\frac{112}{100}$$C

Given, Selling price of the scooter = ₹28,000

$$\Rightarrow$$ $$\frac{112}{100}$$C = 28000

$$\Rightarrow$$ C = ₹25,000

$$\therefore\ $$Cost price of the scooter = ₹25,000

Hence, the correct answer is Option C

Create a FREE account and get: