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Profit and Loss Practice Test 7
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© examsnet.com
Question : 23
Total: 40
A businessman sells an old machine for Rs. 1150 after taking some profit. Had he sold it for Rs. 910 his loss would have been
7
5
of the profit. What was the cost price of that machine?
Rs. 1000
Rs. 1050
Rs. 1100
Rs. 1150
Validate
Solution:
Let his C.P. = Rs. x; then
7
5
(
1150
−
x
)
=
x
−
910
⇒
8050
−
7
x
=
5
x
−
4550
⇒
12
x
=
12600
∴
x
=
R
s
.
1050
© examsnet.com
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