1. Rajeev sells a machine for Rs 55 lakhs at a loss. Had he sold it for Rs 67 lakh, his gain would have been 5 times the former loss. Find the cost price of the machine.
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By: anil on 05 May 2019 02.10 am
Let cost price of the machine = Rs. $$x$$ lakhs When selling price = Rs. 55 lakhs => Loss = Rs. $$(x - 55)$$ lakhs If selling price = Rs. 67 lakhs => Profit = Rs. $$(67 - x)$$ lakhs According to ques, Profit = 5 $$ imes$$ loss => $$(67 - x) = 5 imes (x - 55)$$ => $$67 - x = 5x - 275$$ => $$5x + x = 275 + 67 = 342$$ => $$x = frac{342}{6} = $$ Rs. $$57$$ lakhs => Ans - (B)
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