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A sold a car to B at a profit of 25%. B ...

A sold a car to B at a profit of 25%. B incurred loss of 15% while selling the same car to C. A spent Rs. 50000 for this car. At what price did C buy it?

A

a. Rs. 62500

B

b. Rs. 60000

C

c. Rs. 53125

D

d. Rs. 90000

Text Solution

AI Generated Solution

The correct Answer is:
To solve the problem step by step, we will calculate the selling price of the car from A to B and then from B to C. ### Step 1: Calculate the selling price of the car from A to B. A bought the car for Rs. 50,000 and sold it to B at a profit of 25%. **Formula for selling price with profit:** \[ \text{Selling Price} = \text{Cost Price} + \text{Profit} \] Where Profit = Cost Price × Profit Percentage **Calculation:** 1. Calculate the profit: \[ \text{Profit} = 50000 \times \frac{25}{100} = 50000 \times 0.25 = 12500 \] 2. Calculate the selling price: \[ \text{Selling Price} = 50000 + 12500 = 62500 \] ### Step 2: Calculate the selling price of the car from B to C. B sold the car to C at a loss of 15%. **Formula for selling price with loss:** \[ \text{Selling Price} = \text{Cost Price} - \text{Loss} \] Where Loss = Cost Price × Loss Percentage **Calculation:** 1. Calculate the loss: \[ \text{Loss} = 62500 \times \frac{15}{100} = 62500 \times 0.15 = 9375 \] 2. Calculate the selling price: \[ \text{Selling Price} = 62500 - 9375 = 53125 \] ### Final Answer: C bought the car for Rs. 53,125. ---
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