Practicing Success
A car dealer purchased an old car for Rs.1,08,500 and spent some amount on its maintenance. He sold it for Rs.1,56,250, there by earning a profit of 25%. How much money did he spend on the maintenance of the car? |
Rs. 16,500 Rs. 20,625 Rs. 8,687.5 Rs. 47,750 |
Rs. 16,500 |
CP of the car = 1,08,500 Let the amount spent on car maintenance = m SP of the car = 156250 Price of the car after maintenance = 1,56250 × \(\frac{100}{125}\) = 1,25,000 m = 125000 - 108500 = m = 16500 |