Example 11: Mr Lal sold his car at a loss
of 15%. If he had sold the car for 50,000
more, he would have made a profit of 5%.
Find the cost price of the car.
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Step-by-step explanation:
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
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