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ICSE Class 7 Answered

Rajan sold a cycle at a loss of Rs300.if he sold it at Rs3000,he would have made a profit of Rs600.At what price did he sell the cycle?
Asked by aaryankumar7292 | 30 Aug, 2018, 08:15: PM
answered-by-expert Expert Answer
 
If Rajan sold cycle for Rs. 3000, he made a profit of Rs. 600.
Profit = S.P - C.P
Thereffore, Cost Price = 3000-600=Rs. 2400

Rajan sold a cycle at a loss of Rs300.
Loss = C.P - S.P
Therefpre S.P = 2400 - 300 = Rs. 2100

Therefore, Rajan sold a cycle at Rs. 2100.
Answered by Yasmeen Khan | 31 Aug, 2018, 11:26: AM
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