A used two-wheeler-dealer sells a scooter for and makes some loss. If he had sold it for , his profit would have been double of his loss. What was the cost price of the scooter?
- A₹ 520
- B₹ 540
- C₹ 480
- D₹ 500
Solution & Step-by-step Explanation
Let the Cost Price (CP) of the scooter be .
* Case 1 (Loss): Sold at
* Case 2 (Profit): Sold at
According to the question, the profit is double the loss:
Therefore, the cost price of the scooter was .
* Case 1 (Loss): Sold at
* Case 2 (Profit): Sold at
According to the question, the profit is double the loss:
Therefore, the cost price of the scooter was .