Question

A man buys a car for Rs. 1,20,000 and sells it at a gain of 25%. He sold the car for___

• A. Rs. 15,000
• B. Rs. 1,50,000
• C. Rs. 1,500
• D. Rs. 1,40,000

Answer 1

The correct option is B Rs. 1,50,000

We have
SP = $\frac{(100+g)}{100}\times CP$
SP = $\frac{(100+25)}{100}\times 1,20,000$
SP = 1,50,000