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- Quantitative Aptitude
7.Profit and Loss
medium
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