ExamCompetition Forum Question Papers Ask A Question Mock Test Learn & Earn Sign Up Login Menu



-1 vote

Rajesh sells a machine for Rs. 57 lakhs at some loss. Had he sold it for Rs. 67 lakh, his gain would have been 7 times the former loss. Find the cost price of the machine.

Asked on by | Votes -1 | Views: 576 | Tags: profit and loss     | quantitative aptitude     | Add Bounty

Rajesh sells a machine for Rs. 57 lakhs at some loss. Had he sold it for Rs. 67 lakh, his gain would have been 7 times the former loss. Find the cost price of the machine.


1). Rs. 58.25 lakhs
2). Rs. 65.75 lakhs
3). Rs. 75.14 lakhs
4). Rs. 50.75 lakhs


Share on Facebook      Share on Whatsapp       Share on Twitter




1 answers

3 vote
Answered by on | Votes 3 |

Let the loss be x

? Selling price = 57 lakhs

Selling price = cost price – loss = 57 lakhs

If the selling price would have been 67 lakhs

Then, gain = 7x

∴ Selling price = 67 lakhs

Cost price + 7x = 67 lakhs

Also, cost price – x = 57 lakhs

Subtracting the above 2 eqns. We get,

8x = 10 lakhs

x = 1.25 lakhs

∴ cost price = Selling price + loss = 57 + 1.25

Cost price = 58.25 lakhs

Join Telegram Group




Answer This Question

Name:
Email:
Answer :
Sum of (4+3)
Submit:

Other Questions

1. On selling 25 shirts, a retailer earns profit equal to the cost price of 8 shirts. What is the profit percentage?

2.  The cost of 4 bags and 12 purses is Rs.1520. What is the cost of 10 bags and 30 purses?

3. if a man were to sell his handcart for Rs.720, he would lose 25%. At what must be sell It to gain 25%

4. Marked price of an article is 40% more than the cost price. A shopkeeper allows X% discount and earns ________% profit, if a shopkeeper allows 2X% discount he earns ________% profit. Which of the following options satisfies the two blanks in the question? A. 12, 4 B. 26, 12 C. 19, 10 D. 33, 26 E. 32, 20

5. J and K started a business by investing Rs. 42000 and Rs. 36000 respectively. After 6 months, L join them by investing Rs. 54000. At the end of the year, they earned a profit of Rs. 52500. Profit earned by L is  _________.

6. If the cost price of 8 articles is equal to the selling price of 6 articles, then what is the profit percentage?

7. A shopkeeper marks up his wares by 60% and offers 25% discount. What will be the selling price (in Rs) if the cost price is Rs. 1600?

8. A trader marked his goods at 25% above the cost price. He sold one third of the goods at the marked price, one quarter at a discount of 10% on the marked price and the rest at a discount of 30% on the marked price. His total gain is

9. The price of an article is cut by 24%, to restore to its original value, the new price must he increased by ______.

10. Two types of rice (type 1 and type 2) were mixed in the respective ratio of 1 : 3. The mixture was then sold @ 75.60 per kg to gain a profit of 20%. If the price of type 1 rice is Rs. 75 per kg, what is the price of type 2 price per kg?