Question

Mohan bought an old car for ₹40,000. He spent ₹10,000 on its repairs. For how much should he
sell to get a profit of 20%?
​

Answer 1

Answer:

easy question you just need to remember fromula and the answer is easy

Answer 2

S O L U T I O N :

$\underline{\bf{Given\::}}$

• Cost price of a car, (C.P.) = Rs.40000
• Spent on = Rs.10000
• Profit gain on car = 20%.

$\underline{\bf{Explanation\::}}$

We have total cost, (C.P.) price of an car;

→ Car bought + Spent money

→ Rs.40000 + Rs.10000

→ Rs.50000

Using formula of the selling price when given C.P;

$\boxed{\bf{Selling\:price = \bigg(\frac{100+profit\%}{100} \bigg)\times C.P.}}$

A/q

$\mapsto\tt{S.P. = \bigg(\dfrac{100 + 20}{100}\bigg) \times 50000}$

$\mapsto\tt{S.P. = \dfrac{120}{\cancel{100}}\times 500\cancel{00}}$

$\mapsto\tt{S.P. = Rs.(120 \times 500)}$

$\mapsto\bf{S.P. = Rs.60000}$

Thus,

The selling price Rs.60000 will get a profit 20% .