Question

A person wanted to sell a scooter at a loss of 25%. But at the last moment, he changed his mind and sold the scooter at a loss of 20%. If the difference in the two SP’s is Rs 4000, then find the CP of the scooter.

Answer 1

Let cost price of the scooter be ₹ x.

If he sells the scooter at a loss of 25%, then

SP = x - 25% of x

= x - 20/100 x

= 80/100 x

It is given that the difference in the two SP's is ₹4000.

Hence, cost price of scooter is ₹ 80000.