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Profit and Loss

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  1. By selling a car for $ 64,000, Mr. Rao lost 20%. Then the cost price of the car is :
    1. $ 72,000
    2. $ 76,800
    3. $ 80,000
    4. $ 84,000
Correct Option: C

Here , Selling price of car = $ 64,000 , Loss% = 20%
As we know that,

Cost price =
Selling price of car × 100
( 100 - Loss% )

Cost price =
64000 × 100
= $ 80000
80


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