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A man sold his motorcycle for Rs. 24000 and earned 20% profit. what was the original price?
  1. 20,000
  2. 20,200
  3. 19,800
  4. none of these
Explanation

A man sold two scooters for 24000 each.

Find the cost price of one scooter at gain of 20% :-

C.P = (S.P × 100)/(100 + gain)

= (24000 × 100)/(100 + 20)

= 2400000/120

= 20000

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