Profit And Loss Ques 22

Question.

A car was sold at a loss of $18 \%$. There would have been a profit of $15 \%$, if the car had been sold for Rs. 99,000 more. At what price the car should be sold to make a profit of $10 \%$ ?

(1) Rs. $2,50,000$

(2) Rs. $3,30,000$

(3) Rs. $4,50,000$

(4) Rs. $3,00,000$

(5) Rs. 255000

(IBPS RRBs Officers CWE (Prelim Exam) 09.09.2017 IInd Sitting)

Show Answer

Correct Answer: (2)

Solution: (2)

If the C.P. of car be Rs. $x$,

then $(18+15) \%$ of $x=99000$

$\Rightarrow x \times \frac{33}{100}=99000$

$\Rightarrow x=\frac{99000 \times 100}{33}$ $=$ Rs. 300000

$\therefore$ To gain $10 \%$,

Required S.P. $=$ Rs. $\left(\frac{300000 \times 110}{100}\right)$ $=$ Rs. 330000