Question

A bought a car at a cost of Rs. 1 Lac. He sold it to B at 10% profit. B sold it to C at 30% profit. What was C.P. of C?
1. 145000
2. 142000
3. 143000
4. 144000

Answer 1

Correct Answer - Option 3 : 143000

Given:

C.P. of car = 1 Lac

Profit% of A = 10%

Profit% of B = 30%

Formula used:

(i) Cost price × (100 + Profit%)/100 = Selling price

(ii) Cost price × (100 - Loss%)/100 = Selling price

Calculation:

C.P. of A × 110/100 × 130/100 = C.P. of C

⇒ 1,00,000 × 110/100 × 130/100 = C.P. of C

⇒ C.P. of C = Rs. 1,43,000

∴ CP of C is Rs. 1,43,000.