Mr Abhay sold his car at a loss of 30%. If he had sold it for ₹950 more, he would have received a profit of 8%. What is the cost price?
Answer & explanation
Correct answer: option 1
Direct concept =
Loss% + Profit% = More amount he gets
30% + 8% = 950
38% of the CP = 950
100% of the CP = 950× \(\frac{100}{38}\) = 2500