Rama sold a car costing ₹4,00,000 to Sansar at a loss of 20%. What is the selling price (in ₹)?
- A3,50,000
- B3,20,000
- C4,80,000
- D3,80,000
Solution & Step-by-step Explanation
Cost Price (CP) of the car = ₹4,00,000
Loss percentage = 20%
Selling Price (SP) is calculated as:
SP=CP×(1−
100
Loss%
)
SP=4,00,000×(1−
100
20
)
SP=4,00,000×
100
80
SP=4,00,000×0.8=3,20,000
The selling price is ₹3,20,000.
Loss percentage = 20%
Selling Price (SP) is calculated as:
SP=CP×(1−
100
Loss%
)
SP=4,00,000×(1−
100
20
)
SP=4,00,000×
100
80
SP=4,00,000×0.8=3,20,000
The selling price is ₹3,20,000.