Jacob bought a scooter for 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%?
Rs 440
Rs 500
Rs 550
Rs 400
Let CP = 100 , New CP = 110 (with repair)
Profit = 1100 or 20%
,
Old CP is 1.1 CP = 5500 , CP = 5000 ,
Repair = 500