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Profit and Loss Practice Test 8
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© examsnet.com
Question : 11
Total: 40
An auto dealer who gives a discount of 12% on the labelled price of a car realizes a profit of 10%. What is the cost price if the list price is Rs 1,26,000?
Rs 1,00,800
Rs 1,01,800
Rs 1,02,800
Rs 1,03,800
Validate
Solution:
List price of the car = Rs 1, 26, 000
Discount percentage = 12%
Price of car =
1
,
26
,
000
−
12
100
×
1
,
26
,
000
= Rs 1,10,880
Let the cost price of the car = x
Profit = 10%
New cost price
=
x
+
10
x
100
=
11
x
10
Now,
11
x
10
=
1
,
10
,
880
x = Rs 1,00,800
Cost price of the car = Rs 1,00,800
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