Question
Download Solution PDFBy selling a car for Rs. 2,78,000, a dealer gains 25%. If the profit is reduced to 18%, then the selling price will be :
Answer (Detailed Solution Below)
Detailed Solution
Download Solution PDFGiven:
By selling a car for Rs. 2,78,000, a dealer gains 25%.
Concept used:
Selling price = Cost price × (100 + profit)%
Calculation:
According to the question,
Cost price × (125/100) = 278000
⇒ Cost price = 278000 × (100/125)
Now,
For 18% profit selling price = 278000 × (100/125) × (118/100)
⇒ Rs. 2,62,432
∴ The required selling price will be Rs. 2,62,432.
Last updated on Jul 19, 2025
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