Question

who sold his car at a loss of 15% if is sold the car for rupees 5 50000 more he would have made a profit of 5% find the cost price of the car​

Answer 1

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Step-by-step explanation:

Let the CP of car = ₹ k

So, SP on 15% loss = k (1-15/100)

= k (85/100)

= ₹ (17k/20)

If sold the car ₹550000 more he would have made a profit of 5%.

So, SP on 5% profit = k (1+5/100)

= k (105/100)

= ₹ (21k/20)

Since, (17k/20)+550000 = 21k/20

So, 21k/20 - 17k/20 = 550000

So, 4k/20 = 550000

So, 4k = 550000×20

So, k = 2750000

Hence, The price of car is ₹2750000.