1. Raj sells a machine for Rs 51 lakhs at a loss. Had he sold it for Rs 60 lakh, his gain would have been 8 times the earlier loss. What is the cost price of the machine?
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By: anil on 05 May 2019 02.17 am
Let cost price of the machine = Rs. $$x$$ lakhs When selling price = Rs. 51 lakhs => Loss = Rs. $$(x - 51)$$ lakhs If selling price = Rs. 60 lakhs => Profit = Rs. $$(60 - x)$$ lakhs According to ques, Profit = 8 $$ imes$$ loss => $$(60 - x) = 8 imes (x - 51)$$ => $$60 - x = 8x - 408$$ => $$8x + x = 408 + 60 = 468$$ => $$x = frac{468}{9} = $$ Rs. $$52$$ lakhs => Ans - (B)
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