Question

Aman bought a car for ₹2,00,000 and spent ₹50,000 on its maintenance work. If he sells his car for 10% profit, then its selling price is:

• A. ₹2,75,000
• B. ₹2,50,000
• C. ₹2,25,000
• D. ₹3,00,000

Answer 1

The correct option is A ₹2,75,000

Aman bought the car for ₹2,00,000.

Amount spent for maintenance = ₹50,000.

While selling the car, Aman will include the cost of maintenance also.

So, cost price of Aman’s car will be
= ₹2,00,000 + ₹50,000
= ₹2,50,000

Now, he sells it at 10% profit.

The profit amount will be equal to 10% of Cost price.

So, profit amount will be
= $\frac{10}{100}$ x ₹2,50,000
= ₹25,000

So, total sale price of the car will be
= ₹2,50,000 + ₹25,000
= ₹2,75,000