Multiple choice

Arjun sells a scooter for Rs. 46,000 and makes some loss. If he had sold it for Rs. 58,000 his profit would have been double of his loss. Then find the cost price (in Rs) of the scooter?

  1. 52000

  2. 54000

  3. 48000

  4. 50000

Reveal answer Fill a bubble to check yourself
D Correct answer
Explanation

Let CP = x, loss at 46000 = x - 46000. Profit at 58000 = 58000 - x. Given 58000 - x = 2(x - 46000). Solving: 58000 - x = 2x - 92000, so 3x = 150000, x = 50000. CP is Rs. 50000. Option D is correct.