Profit and Loss Practice Test 10

Question : 15 of 28

Marks: +1, -0

A dealer purchases a car for Rs 2.5 lakh. He allows a discount of 20% on its marked price and still gains 10%. Find the marked price of the car.

Solution:

CP of a car = Rs 2,50,000
SP at 10% gain = 2,50,000 + 25,000 = 2,75,000

MP[1-20/100]=275000

MP=343750

MP ≈ Rs 3.44 Lakh

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