A person bought a car and sold it for Rs 3 00 000 If he incurred a loss of 20 then how much did he s...........

Math and Mental Ability Profit and loss

A person bought a car and sold it for Rs. 3, 00,000. If he incurred a loss of 20%, then how much did he spend to buy the car?

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Complete-Test, Previous year (2020)

Rs. 3, 60,000

Rs. 3, 65,000

Rs. 3, 70,000

Rs. 3, 75,000

Sol. Ans.(d).

Traditional Method –

SP = Rs 3,00,000; Loss% = 20%.

CP = (SP × 100)/(100 – Loss%)

=>P = 3,00,000 × 100 / 80 =>CP = Rs. 3, 75,000. So, option D is correct.

Alternative method – Since loss is 20%, so 80% of CP = 3,00,000. => 0.8 CP = 300000 So CP = 3,75,000.

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