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Ranbir bought a car at a 50% discount on the cost price of the car. Had he got a 60% discount, he would have spent Rs1,00,000
less. Calculate the cost price of the car?
Rs15 lakhs
Rs20 lakhs
Rs18 lakhs
Rs10 lakhs
- Ranbir got a 50% discount on the cost price of the car.
- He thought of a scenario where he could have received a 60% discount.
- The difference in discounts would save him Rs 1,00,000.
- Let's denote the cost price of the car as Rs X.
- A 50% discount means he paid 50% of X: 0.5×X.
- A 60% discount would mean paying 40% of X: 0.4×X.
- The difference in these two amounts is Rs 1,00,000: (0.5X−0.4X)=1,00,000.
- Therefore, 0.1X=1,00,000.
- Solving for X gives X=10,00,000 or Rs 10 lakh.
Option:4, Rs10 lakhs
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