A person sells a motorcycle at 24000.00 by incurring a loss of 20%. What is the cost price of the motorcycle?

  1. 28800.00
  2. 19200.00
  3. 30000.00
  4. 22600.00
Anurag Mishra Professor Asked on 30th April 2016 in Maths.
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1 Answer(s)

Answer: (3) 30000.00  

Solution:-
The selling price of a motorcycle = Rs.24000.00
Loss = 20%

Then, the cost price of a motorcycle = 24000 x 100/80
 = Rs.30000.00

Hence, the correct answer is option (3) 30000.00 

Anurag Mishra Professor Answered on 1st May 2016.
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