Cost Price of two motorcycles is same. One is sold at a profit of 15% and the other for Rs. 4800 more than the first. If the net profit is 20%. Find the cost price of each motorcycle :
Correct Answer: Rs. 48000
Explanation:
Let the CP of each motorcycle be Rs.N then
(2 x 1.15 x N) + 4800 = 2 x 1.2 x N
⇒ 0.1 x N = 4800
∴ N = 48000
