A car mechanic purchased four old cars for Rs. 1 lakh. He spent total 2 lakh in the maintenance and repairing of these four cars. what is the average sale price of the rest three cars to get 50% total profit if he has already sold one of the four cars at Rs. 1.2 lakh?

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Solution

Total cost of $4$ cars $= 1 + 2 = 3$ lakh
Total S.P of $4$ cars $= 3 \times 1.5 = 4.5$ lakh (Since S.P $= \frac{(100 + G a i n %)}{100} \times$ C.P)
S.P of $1$ car $= 1.2$ lakh
S.P of rest $3$ cars $= 4.5 - 1.2 = 3.3$ lakhs
Average S.P of all the $3$ cars $= 1.1$ lakhs

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A car mechanic purchased four old cars for Rs. 1 lakh. He spent total 2 lakh in the maintenance and repairing of these four cars. what is the average sale price of the rest three cars to get 50% total profit if he has already sold one of the four cars at Rs. 1.2 lakh?

Total cost of 4 cars =1+2=3 lakhTotal S.P of 4 cars =3×1.5=4.5 lakh (Since S.P =(100+Gain%)100× C.P)S.P of 1 car =1.2 lakh S.P of rest 3 cars =4.5−1.2=3.3 lakhsAverage S.P of all the 3 cars =1.1 lakhs

Total cost of $4$ cars $= 1 + 2 = 3$ lakh
Total S.P of $4$ cars $= 3 \times 1.5 = 4.5$ lakh (Since S.P $= \frac{(100 + G a i n %)}{100} \times$ C.P)
S.P of $1$ car $= 1.2$ lakh
S.P of rest $3$ cars $= 4.5 - 1.2 = 3.3$ lakhs
Average S.P of all the $3$ cars $= 1.1$ lakhs