Vinay sold a watch in ₹ 75. He gets profit as the same s cost price of the…
2021
Vinay sold a watch in ₹ 75. He gets profit as the same s cost price of the watch, then cost price of the watch is :
- A.
₹ 150
- B.
₹ 175
- C.
₹ 60
- D.
₹ 50
Attempted by 7 students.
Show answer & explanation
Correct answer: D
Step-by-Step Solution
Define the variables:
Cost Price = x
Profit Percentage = x%
Selling Price (SP) = Rs. 75
Set up the equation:
Profit = (Profit Percentage / 100) * Cost Price
Profit = (x / 100) * x = x^2 / 100
Selling Price = Cost Price + Profit
75 = x + x^2 / 100
Solve the quadratic equation:
Multiply the entire equation by 100 to clear the denominator: 7500 = 100x + x^2 x^2 + 100x - 7500 = 0
Factor the quadratic equation:
We need two numbers that multiply to -7500 and add to 100. These numbers are 150 and -50.
(x + 150)(x - 50) = 0
x = -150 or x = 50.
Since cost price cannot be negative, x = 50.