Use app×
Join Bloom Tuition
One on One Online Tuition
JEE MAIN 2025 Foundation Course
NEET 2025 Foundation Course
CLASS 12 FOUNDATION COURSE
CLASS 10 FOUNDATION COURSE
CLASS 9 FOUNDATION COURSE
CLASS 8 FOUNDATION COURSE
0 votes
96 views
in Profit and Loss by (238k points)
closed by
A man sold a car at 20% loss. If the Selling price of car was Rs. 400. If he want to gain 30% profit than what will be the selling price of car ?
1. Rs. 500
2. Rs. 700
3. Rs. 750
4. Rs. 650

1 Answer

0 votes
by (240k points)
selected by
 
Best answer
Correct Answer - Option 4 : Rs. 650

Given:

Selling price of car = Rs. 400

Loss % = 20%

Formula used:

CP = SP × 100 / (100 + P%)

SP = CP × (100 + P %) / 100

Where P = Profit

Calculations:

At 20% loss

⇒ SP = Rs. 400

⇒ CP × 80% = 400 

⇒ CP = Rs. 500

For 30% profit

⇒ SP = CP × 130%

⇒ SP = 500 × 130/100 = Rs. 650

∴ The selling price of car will be Rs. 650.

Welcome to Sarthaks eConnect: A unique platform where students can interact with teachers/experts/students to get solutions to their queries. Students (upto class 10+2) preparing for All Government Exams, CBSE Board Exam, ICSE Board Exam, State Board Exam, JEE (Mains+Advance) and NEET can ask questions from any subject and get quick answers by subject teachers/ experts/mentors/students.

Categories

...