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The profit earned on selling a bike for Rs68,250 is the same as the loss incurred on selling the bike for Rs47,250. Find the cost
price of the bike.
Rs57,250
Rs57,375
Rs57,500
Rs57,750
- Let's denote the cost price of the bike as "CP."
- The profit from selling the bike at Rs68,250 is the same as the loss from selling it at Rs47,250.
- This means: Selling Price1 - CP = CP - Selling Price2.
- So, 68,250 - CP = CP - 47,250.
- Rearrange this equation: 68,250 + 47,250 = 2 * CP.
- Simplifying gives: 115,500 = 2 * CP, so CP = 57,750.
- Option 4 - Rs57,750: This is the correct cost price.
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