SSC CGL Exam > SSC CGL Questions > By selling a car for Rs. 2,56,000, Raj gains...
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By selling a car for Rs. 2,56,000, Raj gains 28%. If the profit is reduced to 16% then the selling price will be:
- a)2,52,000
- b)2,31,000
- c)2,00,000
- d)2,32,000
Correct answer is option 'D'. Can you explain this answer?
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Verified Answer
By selling a car for Rs. 2,56,000, Raj gains 28%. If the profit is re...
Given:
Profit% for selling price Rs. 256000 = 28%
Concept used:
Profit% = [(SP - CP) / CP] × 100
where
SP = Selling price
CP = Cost price
Calculation:
For 28% profit, SP = Rs. 256000
Profit% = [(SP - CP) / CP] × 100
28 × CP = 25600000 - 100 × CP
128 × CP = 25600000
CP = 25600000 / 128
CP = 200000.
For 16% profit,
Profit% = [(SP - CP) / CP] × 100
32000 = SP - 200000
SP = 232000.
∴ The selling price will be Rs. 2,32,000.
Most Upvoted Answer
By selling a car for Rs. 2,56,000, Raj gains 28%. If the profit is re...
Given:
Profit% for selling price Rs. 256000 = 28%
Concept used:
Profit% = [(SP - CP) / CP] × 100
where
SP = Selling price
CP = Cost price
Calculation:
For 28% profit, SP = Rs. 256000
Profit% = [(SP - CP) / CP] × 100
28 × CP = 25600000 - 100 × CP
128 × CP = 25600000
CP = 25600000 / 128
CP = 200000.
For 16% profit,
Profit% = [(SP - CP) / CP] × 100
32000 = SP - 200000
SP = 232000.
∴ The selling price will be Rs. 2,32,000.
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Community Answer
By selling a car for Rs. 2,56,000, Raj gains 28%. If the profit is re...
To solve this problem, we need to find the original selling price of the car before the profit was reduced to 16%.
Let's break down the problem step by step:
Step 1: Find the cost price (CP) of the car
We know that Raj gained 28% on the selling price, so the selling price (SP) is 128% of the cost price.
Let the cost price be x.
SP = x + 28% of x
SP = x + 0.28x = 1.28x
Step 2: Find the selling price (SP) of the car
Given that the selling price (SP) is Rs. 2,56,000, we can set up the equation:
1.28x = 2,56,000
Step 3: Solve for x (cost price)
Divide both sides of the equation by 1.28:
x = 2,56,000 / 1.28
x = 2,00,000
Step 4: Find the new selling price (SP) with a profit of 16%
To find the new selling price, we need to add a profit of 16% to the cost price.
New SP = CP + 16% of CP
New SP = 2,00,000 + 0.16 * 2,00,000
New SP = 2,00,000 + 32,000
New SP = 2,32,000
Therefore, the correct answer is option D) 2,32,000.
Let's break down the problem step by step:
Step 1: Find the cost price (CP) of the car
We know that Raj gained 28% on the selling price, so the selling price (SP) is 128% of the cost price.
Let the cost price be x.
SP = x + 28% of x
SP = x + 0.28x = 1.28x
Step 2: Find the selling price (SP) of the car
Given that the selling price (SP) is Rs. 2,56,000, we can set up the equation:
1.28x = 2,56,000
Step 3: Solve for x (cost price)
Divide both sides of the equation by 1.28:
x = 2,56,000 / 1.28
x = 2,00,000
Step 4: Find the new selling price (SP) with a profit of 16%
To find the new selling price, we need to add a profit of 16% to the cost price.
New SP = CP + 16% of CP
New SP = 2,00,000 + 0.16 * 2,00,000
New SP = 2,00,000 + 32,000
New SP = 2,32,000
Therefore, the correct answer is option D) 2,32,000.
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By selling a car for Rs. 2,56,000, Raj gains 28%. If the profit is reduced to 16% then the selling price will be:a)2,52,000b)2,31,000c)2,00,000d)2,32,000Correct answer is option 'D'. Can you explain this answer?
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By selling a car for Rs. 2,56,000, Raj gains 28%. If the profit is reduced to 16% then the selling price will be:a)2,52,000b)2,31,000c)2,00,000d)2,32,000Correct answer is option 'D'. Can you explain this answer? for SSC CGL 2024 is part of SSC CGL preparation. The Question and answers have been prepared according to the SSC CGL exam syllabus. Information about By selling a car for Rs. 2,56,000, Raj gains 28%. If the profit is reduced to 16% then the selling price will be:a)2,52,000b)2,31,000c)2,00,000d)2,32,000Correct answer is option 'D'. Can you explain this answer? covers all topics & solutions for SSC CGL 2024 Exam. Find important definitions, questions, meanings, examples, exercises and tests below for By selling a car for Rs. 2,56,000, Raj gains 28%. If the profit is reduced to 16% then the selling price will be:a)2,52,000b)2,31,000c)2,00,000d)2,32,000Correct answer is option 'D'. Can you explain this answer?.
By selling a car for Rs. 2,56,000, Raj gains 28%. If the profit is reduced to 16% then the selling price will be:a)2,52,000b)2,31,000c)2,00,000d)2,32,000Correct answer is option 'D'. Can you explain this answer? for SSC CGL 2024 is part of SSC CGL preparation. The Question and answers have been prepared according to the SSC CGL exam syllabus. Information about By selling a car for Rs. 2,56,000, Raj gains 28%. If the profit is reduced to 16% then the selling price will be:a)2,52,000b)2,31,000c)2,00,000d)2,32,000Correct answer is option 'D'. Can you explain this answer? covers all topics & solutions for SSC CGL 2024 Exam. Find important definitions, questions, meanings, examples, exercises and tests below for By selling a car for Rs. 2,56,000, Raj gains 28%. If the profit is reduced to 16% then the selling price will be:a)2,52,000b)2,31,000c)2,00,000d)2,32,000Correct answer is option 'D'. Can you explain this answer?.
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By selling a car for Rs. 2,56,000, Raj gains 28%. If the profit is reduced to 16% then the selling price will be:a)2,52,000b)2,31,000c)2,00,000d)2,32,000Correct answer is option 'D'. Can you explain this answer?, a detailed solution for By selling a car for Rs. 2,56,000, Raj gains 28%. If the profit is reduced to 16% then the selling price will be:a)2,52,000b)2,31,000c)2,00,000d)2,32,000Correct answer is option 'D'. Can you explain this answer? has been provided alongside types of By selling a car for Rs. 2,56,000, Raj gains 28%. If the profit is reduced to 16% then the selling price will be:a)2,52,000b)2,31,000c)2,00,000d)2,32,000Correct answer is option 'D'. Can you explain this answer? theory, EduRev gives you an
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