Jameel brought a scooter for a certain sum of money. He spent 10% of the cost on repairs and sold the scooter for a profit of Rs. 1100. How much did he spend on repairs if he made a profit of 20%?
A. Rs. 400
B. Rs. 440
C. Rs. 500
D. Rs. 550
Explanation:
Let the C.P. be Rs. x. Then, 20% of x = 1100
20/100 * x = 1100 => x = 5500
C.P. = Rs. 5500, expenditure on repairs = 10%
Actual price = Rs. (100 * 5500)/110 = Rs. 5000
Expenditures on repairs = (5500 – 5000) = Rs. 500.