Question

mohan sold a car at a profit of 10%. if he sold car for 51,000 more, the profit would have been 15% find the CP of the car

Answer 1

Answer:

5% = 51000

1% = 10200

100% = 1020000

Answer 2

GIVEN,

profit= 10%, selling price=51000

TO FIND,

cost price,

SOLUTION,

let the cost price of the car be X

hence according to the problem,

⇒ 10% of X= 0.1 X - this is his profit.

now the new profit given is 15%,

⇒ 15% of X= 0.15 X - this is new profit.

now according to the problem,

INITIAL PROFIT + COST PRICE= NEW PROFIT.

0.1X+ 51000 = 0.15X

0.05X= 51000

dividing by 0.05,

X= 1020000

HENCE THE COST PRICE WAS ₹1020000.