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Rohit sold his car at 10% below the cost...

Rohit sold his car at 10% below the cost price to Amit. Amit got the car repaired and spent Rs. 5,000. He then sold the car to Rajesh at 20% above the total cost, which is equal to Rs. 1,00,000. Find the original price of the car (nearest to hundred).

A

Rs. 93,000

B

Rs. 83,000

C

Rs. 87,000

D

Rs. 97,000

Text Solution

AI Generated Solution

The correct Answer is:
To find the original price of the car, we can break down the problem into a series of steps. ### Step-by-Step Solution: 1. **Define the Cost Price (CP)**: Let the original cost price of the car be \( CP \). 2. **Calculate the Selling Price to Amit**: Rohit sold the car at 10% below the cost price. Therefore, the selling price (SP) to Amit is: \[ SP_{Amit} = CP - 0.10 \times CP = 0.90 \times CP \] 3. **Amit's Total Cost**: Amit spent Rs. 5,000 on repairs. Thus, his total cost (TC) for the car is: \[ TC_{Amit} = SP_{Amit} + 5000 = 0.90 \times CP + 5000 \] 4. **Selling Price to Rajesh**: Amit sold the car to Rajesh at 20% above his total cost. Therefore, the selling price (SP) to Rajesh is: \[ SP_{Rajesh} = TC_{Amit} + 0.20 \times TC_{Amit} = 1.20 \times TC_{Amit} \] 5. **Setting the Selling Price to Rajesh**: We know that Amit sold the car to Rajesh for Rs. 1,00,000. So we can set up the equation: \[ 1.20 \times TC_{Amit} = 100000 \] 6. **Substituting for TC_Amit**: Substitute \( TC_{Amit} \) from step 3 into the equation: \[ 1.20 \times (0.90 \times CP + 5000) = 100000 \] 7. **Distributing and Solving the Equation**: Expanding the left side: \[ 1.08 \times CP + 6000 = 100000 \] Now, subtract 6000 from both sides: \[ 1.08 \times CP = 100000 - 6000 = 94000 \] 8. **Finding the Cost Price (CP)**: Divide both sides by 1.08 to find \( CP \): \[ CP = \frac{94000}{1.08} \approx 87037.04 \] 9. **Rounding to the Nearest Hundred**: Rounding \( CP \) to the nearest hundred gives us: \[ CP \approx 87000 \] ### Final Answer: The original price of the car is approximately **Rs. 87,000**.
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