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Ram buys a car at Rs. 3,00,000 which he repairs with an additional cost of Rs. 10,000 and again sell it to another person at 20% profit. Find the selling price of a car?1. Rs. 3,60,0002. Rs. 3,00,0003. Rs. 2,50,0004. Rs. 3,72,000 |
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Answer» Correct Answer - Option 4 : Rs. 3,72,000 Given: Cost price of car for Ram = Rs. 3,00,000 Repairing charges = Rs. 10,000 Profit% = 20% Formula used: S.P = C.P × (100 + P%)/100 Where, S.P → Selling price C.P → Cost price P% → Profit% Calculations: Total Cost price of the car = 300000 + 10000 = Rs. 3,10,000 Selling Price of the car = 310000 × (100 + 20)/100 = Rs. 3,72,000 ∴ Selling price of the car is Rs. 3,72,000 |
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