A used two-wheeler-dealer sells a scooter for ₹ 460 and makes some loss. If he had sold it for ₹ 580 , his profit would have been double of his loss. - Quantitative Aptitude MCQ UP Police Constable Re-Exam 2026 | ExamTest.live

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A used two-wheeler-dealer sells a scooter for ₹ 460 and makes some loss. If he had sold it for ₹ 580, his profit would have been double of his loss. What was the cost price of the scooter?

Solution & Step-by-step Explanation

Let the Cost Price of the scooter be CP . *Case 1: Sold at ₹ 460 (Loss condition)** Loss = CP - 460 *Case 2: Sold at ₹ 580 (Profit condition)** Profit = 580 - CP According to the question, the profit is double the loss: Profit = 2 \times Loss 580 - CP = 2 (CP - 460) 580 - CP = 2 CP - 920 3 CP = 580 + 920 3 CP = 1500 CP = \frac{1500}{3} = ₹ 500

Try it yourself before checking the explanation above.

A used two-wheeler-dealer sells a scooter for ₹ 460 and makes some loss. If he had sold it for ₹ 580, his profit would have been double of his loss. What was the cost price of the scooter?

₹ 520

₹ 540

₹ 480

₹ 500

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