Multiple choice

Mr Verma sold his scooter for Rs 10,500 at a gain of 5%. Find the cost price of the scooter. (a) Rs 10,300 (b) Rs 10,700 (c) Rs 10,000 (d) None of these

  1. A

  2. B

  3. C

  4. D
Reveal answer Fill a bubble to check yourself
C Correct answer
Explanation

A 5% gain means the selling price is 105% of the cost price. Thus the cost price is 10,500/1.05 = Rs 10,000, corresponding to option C.

AI explanation

The scooter is sold for Rs. 10,500 at a gain of 5%, so using the formula Selling Price = Cost Price x (1 + Gain/100), we can write 10500 = Cost Price x 1.05. Solving for the cost price involves dividing 10500 by 1.05, which equals 10000. The cost price of the scooter is Rs. 10,000, which corresponds to option C.

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