Multiple Choice Questions on A car dealer purchased an old car for Rs 1 08 500 and spent some amount on its maintenance He sold i........... for SSC CGL Exam Preparation

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Multiple Choice Questions

A car dealer purchased an old car for Rs 1 08 500 and spent some amount on its maintenance He sold i...........

Quantitative Aptitude (CGL) Profit and loss
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    A car dealer purchased an old car for Rs.1,08,500 and spent some amount on its maintenance. He sold it for Rs.1,56,250, there

    by earning a profit of 25%. How much money did he spend on the maintenance of the car?

    This questions was previously asked in
    SSC CGL 9th March 2020 Shift-3
    View All ssc Previous Year Papers

    Rs. 16,500

    Correct Answer

    Rs. 20,625

    Incorrect Answer

    Rs. 8,687.5

    Incorrect Answer

    Rs. 47,750

    Incorrect Answer
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    Explanation:

    Total cost price of old car = 1,08,500 + maintenance money
    Selling price = 1,56,250
    Profit = 25%
    Total cost price = $$\frac{156250}{125} \times 100 = 125000
    1,08,500 + maintenance money = 125000
    Maintenance money = 125000 - 108500 = Rs. 16,500

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