Question

Joe buys a car for ₹4,00,000 and spends ₹20,000 for its maintenance work. If he sells his car for 5% profit, then its selling price is .

• A. ₹4,20,000
• B. ₹4,00,000
• C. ₹4,41,000
• D. ₹3,99,000

Answer 1

The correct option is C ₹4,41,000

Joe bought the car for ₹4,00,000.
Amount spent for maintenance = ₹20,000

So, cost price = 400000 + 20000 = ₹4,20,000

He made a profit of 5%.

Profit = 5% of Cost price
$\Rightarrow$ Profit = $\frac{5}{100}\times 420000$
$\Rightarrow$ Profit = ₹21,000

Selling price = Cost price + Profit
= 420000 + 21000 = ₹4,41,000