A man sold a car at 20% loss. If the Selling price of car was Rs. 400.

1.	A man sold a car at 20% loss. If the Selling price of car was Rs. 400. If he want to gain 30% profit than what will be the selling price of car ?1. Rs. 5002. Rs. 7003. Rs. 7504. Rs. 650
Answer» Correct Answer - Option 4 : Rs. 650 Given: Selling price of car = Rs. 400 Loss % = 20% Formula used: CP = SP × 100 / (100 + P%) SP = CP × (100 + P %) / 100 Where P = Profit Calculations: At 20% loss ⇒ SP = Rs. 400 ⇒ CP × 80% = 400 ⇒ CP = Rs. 500 For 30% profit ⇒ SP = CP × 130% ⇒ SP = 500 × 130/100 = Rs. 650 ∴ The selling price of car will be Rs. 650.

A man sold a car at 20% loss. If the Selling price of car was Rs. 400. If he want to gain 30% profit than what will be the selling price of car ?1. Rs. 5002. Rs. 7003. Rs. 7504. Rs. 650

Answer» Correct Answer - Option 4 : Rs. 650

Given:

Selling price of car = Rs. 400

Loss % = 20%

Formula used:

CP = SP × 100 / (100 + P%)

SP = CP × (100 + P %) / 100

Where P = Profit

Calculations:

At 20% loss

⇒ SP = Rs. 400

⇒ CP × 80% = 400

⇒ CP = Rs. 500

For 30% profit

⇒ SP = CP × 130%

⇒ SP = 500 × 130/100 = Rs. 650

∴ The selling price of car will be Rs. 650.

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A man sold a car at 20% loss. If the Selling price of car was Rs. 400. If he want to gain 30% profit than what will be the selling price of car ?1. Rs. 5002. Rs. 7003. Rs. 7504. Rs. 650

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