A dealer sells an old car at a loss of 10%. Had he sold it for Rs 12000 more, he would have made a profit of 5% . Find the cost price of the car.
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The answer is 5percent + 10percent is 15 percent
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When the dealer is selling car, he made a profit of 5%. Then, he could get the sum and it denotes total changes in the profit made to him.
This is consider as equation of 120000/10 need to be used adding to 5% which would be 3500. The profit can be evaluated by comparing with formulas and states as solid price.
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