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By selling a motor bike for rupees 13500, aadesh incurs a loss of 20%. At what price did he buy the bike? At what price should he have sold it to make a 4% profit ?
Most Upvoted Answer
By selling a motor bike for rupees 13500, aadesh incurs a loss of 20%....
Solution:
Finding the Cost Price of the Motor Bike:
Let's assume the cost price of the motor bike is x.
Given, selling price of the bike = Rs. 13500
Loss incurred = 20%
We know that,
Loss % = (Loss / Cost price) x 100
20 = (Loss / x) x 100
2000 = Loss
Selling price = Cost price - Loss
13500 = x - 2000
Cost price (x) = Rs. 15500
Therefore, the cost price of the motor bike is Rs. 15500.
Finding the Selling Price for Making a Profit of 4%:
Let's assume that the selling price for making a profit of 4% is y.
Profit % = 4%
We know that,
Profit % = (Profit / Cost price) x 100
4 = (Profit / 15500) x 100
620 = Profit
Selling price = Cost price + Profit
Selling price = 15500 + 620
Selling price (y) = Rs. 16120
Therefore, Aadesh should have sold the bike for Rs. 16120 to make a profit of 4%.
Explanation:
When Aadesh sells the bike for Rs. 13500, he incurs a loss of 20%. This means that he sold the bike at 80% of its cost price.
To find the cost price of the bike, we can use the formula:
Loss % = (Loss / Cost price) x 100
We know that the loss is 20% and the selling price is Rs. 13500. By substituting these values in the formula, we can find the cost price of the bike.
Once we know the cost price of the bike, we can use the profit formula to find the selling price for making a profit of 4%.
Profit % = (Profit / Cost price) x 100
We know that the profit is 4% and the cost price is Rs. 15500. By substituting these values in the formula, we can find the selling price for making a profit of 4%.
Therefore, Aadesh should have sold the bike for Rs. 16120 to make a profit of 4%.
Finding the Cost Price of the Motor Bike:
Let's assume the cost price of the motor bike is x.
Given, selling price of the bike = Rs. 13500
Loss incurred = 20%
We know that,
Loss % = (Loss / Cost price) x 100
20 = (Loss / x) x 100
2000 = Loss
Selling price = Cost price - Loss
13500 = x - 2000
Cost price (x) = Rs. 15500
Therefore, the cost price of the motor bike is Rs. 15500.
Finding the Selling Price for Making a Profit of 4%:
Let's assume that the selling price for making a profit of 4% is y.
Profit % = 4%
We know that,
Profit % = (Profit / Cost price) x 100
4 = (Profit / 15500) x 100
620 = Profit
Selling price = Cost price + Profit
Selling price = 15500 + 620
Selling price (y) = Rs. 16120
Therefore, Aadesh should have sold the bike for Rs. 16120 to make a profit of 4%.
Explanation:
When Aadesh sells the bike for Rs. 13500, he incurs a loss of 20%. This means that he sold the bike at 80% of its cost price.
To find the cost price of the bike, we can use the formula:
Loss % = (Loss / Cost price) x 100
We know that the loss is 20% and the selling price is Rs. 13500. By substituting these values in the formula, we can find the cost price of the bike.
Once we know the cost price of the bike, we can use the profit formula to find the selling price for making a profit of 4%.
Profit % = (Profit / Cost price) x 100
We know that the profit is 4% and the cost price is Rs. 15500. By substituting these values in the formula, we can find the selling price for making a profit of 4%.
Therefore, Aadesh should have sold the bike for Rs. 16120 to make a profit of 4%.
Community Answer
By selling a motor bike for rupees 13500, aadesh incurs a loss of 20%....
13500x20/100=1700
1700=loss
13500-1700=11800
he buy the blike by this price =11800
11800x4/100=12272
answer is =12272
this is right ??
1700=loss
13500-1700=11800
he buy the blike by this price =11800
11800x4/100=12272
answer is =12272
this is right ??
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By selling a motor bike for rupees 13500, aadesh incurs a loss of 20%. At what price did he buy the bike? At what price should he have sold it to make a 4% profit ?
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By selling a motor bike for rupees 13500, aadesh incurs a loss of 20%. At what price did he buy the bike? At what price should he have sold it to make a 4% profit ? for Class 7 2024 is part of Class 7 preparation. The Question and answers have been prepared according to the Class 7 exam syllabus. Information about By selling a motor bike for rupees 13500, aadesh incurs a loss of 20%. At what price did he buy the bike? At what price should he have sold it to make a 4% profit ? covers all topics & solutions for Class 7 2024 Exam. Find important definitions, questions, meanings, examples, exercises and tests below for By selling a motor bike for rupees 13500, aadesh incurs a loss of 20%. At what price did he buy the bike? At what price should he have sold it to make a 4% profit ?.
By selling a motor bike for rupees 13500, aadesh incurs a loss of 20%. At what price did he buy the bike? At what price should he have sold it to make a 4% profit ? for Class 7 2024 is part of Class 7 preparation. The Question and answers have been prepared according to the Class 7 exam syllabus. Information about By selling a motor bike for rupees 13500, aadesh incurs a loss of 20%. At what price did he buy the bike? At what price should he have sold it to make a 4% profit ? covers all topics & solutions for Class 7 2024 Exam. Find important definitions, questions, meanings, examples, exercises and tests below for By selling a motor bike for rupees 13500, aadesh incurs a loss of 20%. At what price did he buy the bike? At what price should he have sold it to make a 4% profit ?.
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