CMAT 2016 Solved Question Paper

Question : 18 of 100

Marks: +1, -0

A car was sold at a loss of 18%. There would have been a profit of 15% , if the car would have been sold for ₹ 99000 more. At what price the car should be sold to make a profit of 10% ?

₹ 250000
₹ 330000
₹ 450000
₹ 300000

Validate

Solution:

(b) Let cost price be ₹ x.
Selling price, when loss of 18% = ₹ 0.82x
According to the question,
1.15x - 0.82x = 99000
⇒ 0.33x = 99000
∴ Cost price (x) = ₹ 300000
Selling price, when car sold at 10% profit

{300000 ×110}/100

= ₹ 330000

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