Jacob bought a scooter for a certain sum of money. He spent 10% of th…

Question

Jacob bought a scooter for a certain sum of money. He spent 10% of the cost on repairs and sold the scooter for a profit of Rs. 1100. How much did he spend on repairs if he made a profit of 20% ?

Accepted Answer

Option C. Rs. 500. Answer & Solution Answer: Option C Solution: & Let the C.P. be Rs. x & Then, 20\% of x = 1100 & 20100 × x = 1100 & x = 5500 & C .P. = Rs . 5500 Expenditure on repairs = 10% & Actual price & = Rs. ( 100110 × 5500 ) & = Rs . 5000. & Expenditure on repairs & = Rs. ( 5500 - 5000 ) &…