When a laptop is sold at Rs.55,000/-, a person earns a 25% gain. Find the cost price of the laptop?
Answer & explanation
Correct answer: option 2
CP + 25% of CP = SP
CP + \(\frac{25}{100}\) * CP = 55,000
\(\frac{125}{100}\) * CP = 55,000
CP = 55,000 * \(\frac{100}{125}\)
CP = 44,000