Profit and Loss Practice Test 8

Question : 11 of 40

Marks: +1, -0

An auto dealer who gives a discount of 12% on the labelled price of a car realizes a profit of 10%. What is the cost price if the list price is Rs 1,26,000?

Rs 1,00,800
Rs 1,01,800
Rs 1,02,800
Rs 1,03,800

Validate

Solution:

List price of the car = Rs 1, 26, 000
Discount percentage = 12%
Price of car =

1,26,000 -12/100×1,26,000

= Rs 1,10,880
Let the cost price of the car = x
Profit = 10%
New cost price

=x+{10x}/100={11x}/10

Now,

{11x}/10=1,10,880

x = Rs 1,00,800
Cost price of the car = Rs 1,00,800

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