Question

20. A person bought a car and sold it for
3,00,000. If he incurred a loss of
20%, then how much did he spend to
buy the car?​

Answer 1

Given data:

A person bought a car and sold it for 3,00,000.

He incurred a loss of 20%.

To find:

How much did he spend to buy the car?

Step-by-step explanation:

Here, selling price = 3,00,000

and loss = 20%

Let x be the cost price of the car.

Then selling price = x * (1 - 20/100) = 80x/100

So, 80x/100 = 3,00,000

⇒ x = 3,00,000 × 100/80

⇒ x = 3,75,000

Answer:

Therefore he spent 3,75,000 to buy the car.

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