On a deal, the car dealer allowed 1% dis

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Target Exam

CUET

Subject

General Test

Chapter

Numerical Ability

Topic

Profit and Loss

Question:

On a deal, the car dealer allowed 1% discount to a customer. If the discount allowed was Rs 4000, then what is the selling price of the car?

Options:

Rs 388500

Rs 380500

Rs 395600

Rs 396000

Correct Answer:

Rs 396000

Explanation:

1% discount = RS 4000

$\frac{1}{100}$ x Marked price = 4000

Marked price = 4000000

Selling price = $\frac{99}{100}$ x 400000 = Rs 396000