1 View

Question : Raheem sells a machine for Rs. 48 lakhs at a loss. Had he sold it for Rs. 60 lakhs, his gain would have been 5 times the former loss. Find the cost price of the machine.

Option 1: Rs. 58 lakhs

Option 2: Rs. 69.6 lakhs

Option 3: Rs. 42 lakhs

Option 4: Rs. 50 lakhs


Team Careers360 9th Jan, 2024
Answer (1)
Team Careers360 17th Jan, 2024

Correct Answer: Rs. 50 lakhs


Solution : Given, Raheem sells a machine for Rs. 48 lakhs at a loss
Had he sold it for Rs 60 lakhs, his gain would have been 5 times the former loss.
Let the cost price be CP
According to the question,
60 – CP = 5(CP – 48)
⇒ 6CP = 300
⇒ CP = 50
Hence, the correct answer is Rs. 50 lakhs.

How to crack SSC CHSL

Candidates can download this e-book to give a boost to thier preparation.

Download Now

Know More About

Related Questions

TOEFL ® Registrations 2024
Apply
Accepted by more than 11,000 universities in over 150 countries worldwide
Manipal Online M.Com Admissions
Apply
Apply for Online M.Com from Manipal University
GRE ® Registrations 2024
Apply
Apply for GRE® Test now & save 10% with ApplyShop Gift Card | World's most used Admission Test for Graduate & Professional Schools
View All Application Forms

Download the Careers360 App on your Android phone

Regular exam updates, QnA, Predictors, College Applications & E-books now on your Mobile

150M+ Students
30,000+ Colleges
500+ Exams
1500+ E-books