SarkariPYQ

SSC Selection Post 2022 PYQ — Question 51

SSC Selection Post - Matriculation Level - 05 Aug 2022 - Shift 3 • Quantitative Aptitude • Q51

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Amit earned a gain of 15% on selling his bike for Rs.80,500. At what price (in Rs.) would Amit have bought his bike?

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Correct answer: B

Explanation

The correct answer is option 2 i.e. Rs.70,000. 

\text{Cost Price (CP)} = \frac{\text{SP} \times 100}{100 + \text{Gain %}}

CP=80,500×100115\text{CP} = \frac{80{,}500 \times 100}{115} = 8,050,000115=70,000\frac{8{,}050{,}000}{115} = 70{,}000