Question

A car dealerpurchased a second hand car. he then sold it at Rs.75,000 and earned a profit of 1,500. what was the cost price of that Car?​

Answer 1

Answer:

Total C.P. of a car = Rs. 75000 + Rs. 9000 + Rs. 1500 = Rs.85500

Given, S.P. = Rs. 120000; [which is less than total cost price]

Therefore, gain = Rs. 120000 - Rs. 85500 = Rs. 34500

Also, gain% =

total C.P.

gain

×100%

=

85500

34500

×100=40%