Discussion :: Profit and Loss
- Jacob brought 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%?
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Answer : Option C
Explanation :
Let the C.P. be Rs. x. Then, 20% of x = 1100
20/100 * x = 1100 => x = 5500
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