An automobile manufacturer earns 35% profit by selling each car for Rs 452000. If the production cost is increased by 20%, what should be the new selling price of a car so as to get a profit of 20%? Rs 334814.8 R * s! 526423.8 Rs 401778.0 Rs 482133.6 A ?

Question

Answer

Solution:
Given, the profit earned by selling each car is 35% and the cost price is Rs. 452000.

Step 1: Find the selling price of the car
Let the selling price of the car be SP
Profit = SP - Cost price
35% of CP = SP - CP
SP = 1.35 * CP
SP = 1.35 * 452000
SP = Rs. 610200

Therefore, the selling price of the car is Rs. 610200.

Step 2: Increase in the production cost
The production cost is increased by 20%.
New production cost = 1.20 * 452000
New production cost = Rs. 542400

Step 3: Calculate the new selling price to get a profit of 20%
Let the new selling price be SP1
Profit = SP1 - New cost price
20% of New cost price = SP1 - New cost price
SP1 = 1.20 * New cost price + New cost price
SP1 = 1.20 * 542400 + 542400
SP1 = Rs. 692928

Therefore, the new selling price of the car so as to get a profit of 20% is Rs. 692928.

Answer:
The new selling price of the car so as to get a profit of 20% is Rs. 692928.

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