Mr Verma sold his scooter for Rs.,10500 at a gain of 5 % . Find out cost price of scooter. (in Rs. )

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7.Profit and Loss

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Mr Verma sold his scooter for $Rs.\,10500$ at a gain of $5 \%$. Find out the cost price of the scooter. (in $Rs.$)

A

$10300$

B

$10700$

C

$10000$

D

None of these

Solution

We have, $S.P.$ $=Rs. 10500,$ gain $\%=5 \%$

$\therefore \quad$ $C.P.$ $=\left(\frac{100}{100+\operatorname{Gain} \%}\right) \times S . P$

$=\left(\frac{100}{100+5}\right) \times 10500$

$=\frac{100}{105} \times 10500=Rs. 10000$

Standard 13

Quantitative Aptitude

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