Sohan purchased an old scooter, and sold it for Rs.28,000 thus gaining a 12% profit on the cost price. The cost price of the scooter is:
Show answer & explanation
Correct answer: C
Explanation
The correct answer is Option 3 i.e Rs.25,000.
| Understanding/Application |
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Let the cost price be x. Profit = 12% S.P. of the scooter = 112x/100 S.P. of the scooter = Rs. 28000 |
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112x/100 = 28000 x = 25,000 |