A man sold his two cars for Rs. 4.5 lakh each | vedclass

Name: Exam Paper Generator | JEE NEET Paper Generator | Vedclass
Brand: Vedclass
Rating: 5 (35 reviews)

Question

(D) Selling price of each car $(SP)$ = $Rs. 4,50,000$.Total $SP$ = $4,50,000 + 4,50,000 = Rs. 9,00,000$.For the first car: $SP = 4,50,000$, Profit = $

Vedclass · Accepted Answer

loss of $Rs. 37500$

Vedclass · Answer

(D) Selling price of each car $(SP)$ = $Rs. 4,50,000$.Total $SP$ = $4,50,000 + 4,50,000 = Rs. 9,00,000$.For the first car: $SP = 4,50,000$, Profit = $20\%$.Cost Price $(CP_1)$ = $SP / (1 + Profit\%) = 4,50,000 / 1.2 = Rs. 3,75,000$.For the second car: $SP = 4,50,000$, Loss = $20\%$.Cost Price $(CP_2)$ = $SP / (1 - Loss\%) = 4,50,000 / 0.8 = Rs. 5,62,500$.Total $CP = CP_1 + CP_2 = 3,75,000 + 5,62,500 = Rs. 9,37,500$.Since Total $CP$  >  Total $SP$, there is a loss.Loss = Total $CP - $ Total $SP = 9,37,500 - 9,00,000 = Rs. 37,500$.

$A$ man sold his two cars for $Rs. 4.5$ lakh each. In the sale of the first car, he incurred $20\%$ profit, and in the sale of the second, he incurred $20\%$ loss. What is the total amount of profit or loss?

Similar Questions

$A$ machine is sold at a profit of $15 \%$. Had it been sold for $Rs\, 540$ more,$24 \%$ would have been gained. Find the cost price.

If on selling $12$ notebooks,a seller makes a profit equal to the selling price of $4$ notebooks,what is his percent profit?

$A$ shopkeeper sells two watches for $Rs. 308$ each. On one watch he earns $12 \%$ profit and on the other he suffers $12 \%$ loss. His profit or loss in the entire transaction was

$A$ shopkeeper gains $17 \%$ after allowing a discount of $10 \%$ on the marked price of an article. Find his profit percent if the article is sold at the marked price allowing no discount. (in $\%$)

$A$ dealer buys a table listed at $Rs. 600$ and gets successive discounts of $10\%$ and $20\%$. What is his profit or loss percent if he sells it at $Rs. 540$?

Vedclass Test Series

Exam Paper Generator

Online Exam Module