Practicing Success

Target Exam

CUET

Subject

General Test

Chapter

Numerical Ability

Topic

Profit and Loss

Question:

A car is sold for ₹85000 at a loss of 20%. What is the cost price (CP) of the car?

Options:

₹107250

₹105250

₹104250

₹106250

Correct Answer:

₹106250

Explanation:

At 20% loss:

C.P. = 100R, Loss = 20R and S.P. = 80R

ATQ,

S.P. = 85000

80R = 85000

1R = \(\frac{85000}{80}\)

C.P. = 100R = 100 × \(\frac{85000}{80}\) = Rs.106250/-