1.

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

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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