1. Raghuram sells a machine for Rs 43 lakhs at a loss. Had he sold it for Rs 53 lakh, his gain would have been 7 times the former loss. Find the cost price of the machine.
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By: anil on 05 May 2019 02.14 am
Let cost price of the machine = Rs. $$x$$ lakhs When selling price = Rs. 43 lakhs => Loss = Rs. $$(x - 43)$$ lakhs If selling price = Rs. 53 lakhs => Profit = Rs. $$(53 - x)$$ lakhs According to ques, Profit = 7 $$ imes$$ loss => $$(53 - x) = 7 imes (x - 43)$$ => $$53 - x = 7x - 301$$ => $$7x + x = 301 + 53 = 354$$ => $$x = frac{354}{8} = $$ Rs. $$44.25$$ lakhs => Ans - (D)
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