Question

1. Mr. Khan bought a second hand car for 175000 and spent 8000
for repairs and painting. Later he sold the car at
165% loss. Find
the selling price of the car.


Please explain step by step ​

Answer 1

Answer:

Money spent in buying the car =Rs.1,50,000

Money spent on repair=Rs.10,000

Money earned by selling =Rs.2,00,000

∴ Total cost price C.P=Rs.1,60,000

Selling price=Rs.2,00,000

∵SP>CP ∴ Profit

and Profit=Rs.2,00,000−Rs.1,60,000=Rs.40,000