A man sells a car to his friend at 15% loss.
A man sells a car to his friend at 15% loss. If the friend sells it for Rs.54000 and gains 20%, the original C.P.of the car was :
Answer/Solution
Rs.52941.18
Steps/Work
Explanation:
S.P = Rs.54,000. Gain earned = 20%
C.P = Rs.[100/120×54000]
=Rs. 45000
This is the price the first person sold to the second at at loss of 15%.
Now S.P = Rs.45000 and loss = 15%
C.P. Rs.[100/85×45000]= Rs.52941.18
Correct Option : C
S.P = Rs.54,000. Gain earned = 20%
C.P = Rs.[100/120×54000]
=Rs. 45000
This is the price the first person sold to the second at at loss of 15%.
Now S.P = Rs.45000 and loss = 15%
C.P. Rs.[100/85×45000]= Rs.52941.18
Correct Option : C