Question

Sanjay sold a bicycle to Salman at 46% profit
Salman spent Rs 40 on repairs and sold it to Sunil for Rs 1500 In this deal Salman made neither profit nor loss What is the cost of Sanjay?

• A. Rs 900
• B. Rs 960
• C. Rs 1000
• D. Rs 1060

Answer 1

Answer: (C)

Let cost price of bicycle to sanjay is Rs x

Then sold price of bicycle =$\frac{146}{100}x$ Rs

Salman spend Rs 40 on repair then cost price to salman =$\frac{146}{100}x+40$ Rs

But salman sold it in Rs 1500 without profit

$\therefore \frac{146}{100}x+40=1500$

$\Rightarrow 146x=150000-4000$

$\Rightarrow 146x=146000$

$\Rightarrow x=1000$

So cost price to sanjay is Rs 1000