Knowee
Questions
Features
Study Tools

A car dealer sold two cars for Rs 45,000 each. One yielded him 25 percent profit on outlay. On the other, he lost 25 percent. The profit/loss incurred by the dealer in rupees is

Question

A car dealer sold two cars for Rs 45,000 each. One yielded him 25 percent profit on outlay. On the other, he lost 25 percent. The profit/loss incurred by the dealer in rupees is

🧐 Not the exact question you are looking for?Go ask a question

Solution

To solve this problem, we need to calculate the cost price for each car.

  1. Let's start with the car that was sold at a 25% profit. If the selling price of Rs 45,000 includes a 25% profit, then the cost price (CP) of the car can be calculated as follows:

    CP = Selling Price / (1 + Profit%) CP = 45000 / (1 + 25/100) CP = 45000 / 1.25 CP = Rs 36,000

  2. Now, let's calculate the cost price for the car that was sold at a 25% loss. If the selling price of Rs 45,000 includes a 25% loss, then the cost price of the car can be calculated as follows:

    CP = Selling Price / (1 - Loss%) CP = 45000 / (1 - 25/100) CP = 45000 / 0.75 CP = Rs 60,000

  3. Now, let's calculate the total cost price and the total selling price:

    Total CP = CP of first car + CP of second car Total CP = Rs 36,000 + Rs 60,000 Total CP = Rs 96,000

    Total SP = Selling price of first car + Selling price of second car Total SP = Rs 45,000 + Rs 45,000 Total SP = Rs 90,000

  4. Finally, let's calculate the overall loss:

    Loss = Total CP - Total SP Loss = Rs 96,000 - Rs 90,000 Loss = Rs 6,000

So, the dealer incurred a loss of Rs 6,000.

This problem has been solved

Similar Questions

A sold a car to B at a profit of 25%.B incurred loss of 15% while selling the same car to C.A spent Rs.50000 for this car.At what price did C buy it?Rs.62,500Rs.60,000Rs.53,125Rs.90,000

A shopkeeper expects a gain of 22.5% on his cost price. If in a week, his sale was of Rs. 392, what was his profit?

A vehicle dealer bought 5 second hand SUV’s for Rs. 18,00,000. He spent Rs. 2,00,000 additional on the maintenance and repairing of these 5 SUV’s. He sold one of the SUV for Rs. 5,00,000. What should be the average selling price of rest of the four SUV’s, if he makes 35% profit on the whole transaction?a.525000b.500000c.512000d.550000

A used car dealer sells a car for Rs.7.6 lakhs and makes some loss. If he had sold if for Rs.9.2 lakhs his profit would been thrice his loss. What was the cost price of the car (in Rs lakhs)?Options8.58.2588.75

A man sells two articles for Rs.3974 each. He sells first article at 25% profit. At what loss % he would have sold second article, if there is neither profit nor loss in whole transaction?

1/3

Upgrade your grade with Knowee

Get personalized homework help. Review tough concepts in more detail, or go deeper into your topic by exploring other relevant questions.