Question

Riya sold her car for Rs. 50,000 less than what she bought if for and lost 8%. At what price should she have sold the car, if she wanted to gain as much as she lost in the first transaction? Rs. 6,25,000 Rs. 6,50,000 Rs. 6,75,000 Rs. 6,37,000 Rs. 7,00,000

Answer 1

Hey.

Here is the answer.

Let Riya bought the car at Rs. x

so, cp = x

Sold at Rs. 50000 less than Rs. x

so, sp = x - 50000

Also, 50000 is 8% of x

so, 50000 = 8/100 of x

or, 50000 = 0.08x

or, x = 50000/0.08 = 625000

So, Riya bought at Rs. 625000.

To gain what she lost in her first transaction I.e., Rs 50000 she should have sold the car at
Rs. 625000 + 50000

= Rs. 6,75,000

Thanks.

Answer 2

Answer is rs 675000 hope correct