Question
Two cars are of the same cost price. One is sold at a profit of 15% and the other for Rs. 23000 more than the first. If the net profit is 20% , find the cost price of each car.
Answer: Option B
:
B
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B
Let the cost price be ‘p’ then
2 (1.15 P) + 23000 = 2 (1.2 P)
0.1 P = 23000
P = Rs.230000
Hence option (b)
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