Correct Answer - Option 1 : Rs. 75000
Given∶
Loss = 6%
Formula used∶
Selling price = cost price – loss
Selling price = cost price + profit
Calculation∶
Let the cost price is Rs. x
Selling price = x – 6% of x
⇒ 94x/100
New selling price = x + 15% of x
⇒ (94x/100) + 15750 = x + 15% of x
⇒ (94x/100) – (115x/100) = -15750
⇒ 21x/100 = 15750
⇒ x = Rs. 75,000
∴ The cost price is Rs. 75,000.