A car is sold for ₹85000 at a loss of 20%. What is the cost price (CP) of the car?
Answer & explanation
Correct answer: option 4
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/-