Question

A bought a car for Rs.100000 and spent Rs. 10000 on its repairs.He sold this car to B at a gain of 10% who later on sold to Close at a gain of 5%.what did C pay for the car?

Answer 1

C paid Rs.127050 for the car

Solution

Price of car of A = Rs.100000

A spent Rs. 10000 on its repairs

Cost price of car of A = Rs.100000 + Rs. 10000 = Rs. 110000

He sold this car to B at a gain of 10 %

gain = 10 %

Selling price of car = cost price + gain %

Selling price of car = 110000 + 10 % of 110000

$\rightarrow 110000 + \frac{10}{100} \times 110000\\\\\rightarrow 110000 + 11000\\\\\rightarrow 121000$

Thus selling price is Rs. 121000

Therefore, cost price of car purchased by B = Rs. 121000

B sold the car to C for 5 %

Gain = 5 %

selling price of car = Rs. 121000 + 5 % of Rs. 121000

$\rightarrow 121000 + \frac{5}{100} \times 121000\\\\\rightarrow 121000 + 6050 = 127050$

Thus C paid Rs.127050 for the car