Practicing Success

Target Exam

CUET

Subject

General Test

Chapter

Numerical Ability

Topic

Profit and Loss

Question:

Ranbir bought a car at a 50% discount on the cost price of the car. Had he got a 60% discount, he would have spent ₹1,00,000 less. Calculate the cost price of the car?

Options:

₹15 lakhs

₹20 lakhs

₹18 lakhs

₹10 lakhs

Correct Answer:

₹10 lakhs

Explanation:

Discount 1 = 60%

Discount 2 = 50%

Direct concept = D1 - D2 = Less spent

60% - 50% = 100000

10% of CP = 100000

100% of CP = 1000000 = ₹10 lakhs