Multiple choice

A man sold his bike at a loss of 8%. Had he sold if for Rs. 6000 more, he would have made a profit of 6%. Find the cost price of bike?

  1. Rs. 42857

  2. Rs. 36660

  3. Rs. 39670

  4. Rs. 30000
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A Correct answer
Explanation

Let CP be x. Selling at 8% loss means SP = 0.92x. Selling for Rs. 6000 more gives SP = 0.92x + 6000, which equals 1.06x (6% profit). So 1.06x - 0.92x = 6000, giving 0.14x = 6000. Therefore, x = 6000/0.14 ≈ Rs. 42,857.

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