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Ram Kumar sold his motor cycle to Mohan at a loss of 28%. Mohan spent $ 1680 on its repairs and sold the motor cycle to Sohan for $ . 35910, thereby, making a profit of 12.5%. Find the cost of the motor cycle for Ram Kumar.
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- $ 38000
- $ 35000
- $ 40000
- $ 42000
Correct Option: D
Let CP of motor cycle for Ram Kumar be x
SP for Ram Kumar = x - | x = | x | 100 | 100 |
∴ Cost for Mohan = | x | 100 |
Cost of repairing = $ 1680
∴ Total CP for Mohan = $ | x + 1680 | 100 |
Profit earned by Mohan = 12.5%
SP for Mohan = CP + Profit
SP for Mohan = | x + 1680 + | x + 1680 | 100 | 100 | 100 |
⇒ | + 1680 = 31920 | 100 |
⇒ x = | = $ 42000 | 72 |
So, the cost price of the motor cycle for Ram Kumar = $ 42,000