A used two-wheeler dealer sells a scooter for Rs 46,000 and makes some loss. If he had sold it for Rs 58,000 his profit would have been double his loss. What was the cost price (in Rs) of the scooter?
Show answer & explanation
Correct answer: D
Explanation
The correct answer is option 4 i.e. 50000
Let the CP of scooter = x
ATQ
2 × (x - 46000) = 58000 - x
2x - 92000 = 58000 - x
3x = 150000
x = 50000