Question

Mr. Haran buys a car for Rs. 1250 and sells it at a profit of 10%. What is the selling price of the car?​

Answer 1

Answer:

$1375$  is the correct answer.

Step-by-step explanation:

Cost price- is the price at which the customers buy the product.

Selling price- is the price at which the seller sells the goods or product.

The cost price of the car = $1250$ (given)

the selling price of the car =?

profit % = $10$ %(given)

profit = cost price * profit %

                $1250 *10/100 = 125$

selling price = cost price + profit

                      = $1250+125$

                       = $1375$

Thus, the selling price of the car is Rs. $1375$

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Answer 2

The selling price of the car is Rs. 1375.

Step-by-step explanation:

When an object is bought at a certain amount buy a buyer, the amount at which the object is bought is known as the cost price of the object. The amount of money at which the object is sold is called selling price of the object. If the selling price of the object is greater than the cost price of the object, profit is achieved and the profit is found out by subtracting the cost price of the object from the selling price of the object. Now, finding the equivalent profit when the cost price is Rs. 100 is called the profit percentage.

According to the given information, it is given that, Mr. Haran buys a car for Rs. 1250 and sells it at a profit of 10%. This means that the cost price of the car is Rs. 1250 and the profit percentage is 10%. We need to find the selling price of the car.

Now, when the cost price is Rs. 100, the profit achieved is Rs. 10.

Now, when the cost price is Re. 1, the profit achieved is Rs. $\frac{10}{100}$ = Rs. $\frac{1}{10}$

Now,  when the cost price is Rs. 1250, the profit achieved is Rs.$\frac{1250}{10}$ which is equal to Rs. 125.

Thus, the profit is Rs. 125 when the cost price is Rs. 1250.

Then, we know that, the profit  = selling price - cost price

Or, 125 = Selling price - 1250

Or, Selling price  = 125 + 1250 = 1375.

Thus, the selling price of the car is Rs. 1375.

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