Question

When car is sold for 78400 rs there is loss of 2% . What will the cost price?

Answer 1

Solution :

Selling price of a car ( s.p ) = Rs78400

loss ( L ) = 2%

Let the cost price = c.p

c.p = ( 100 × s.p )/( 100 - L )

= ( 100 × 78400 )/( 100 - 2 )

= ( 100 × 78400 )/98

= 100 × 800

= 80000

Therefore ,

Cost price of the car = Rs 80000

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