Question

Mr Saxena is a dealer of used cars. He purchased a car for ₹75,000 and then spent ₹7,000 in servicing it and ₹16,500 in painting it. He expects a profit ₹15,000 on selling the car. What should be the selling price?

Answer 1

$\begin{array}{cc}\text{CP of the car}& \text{₹ 75,000}\\ \text{Cost of servicing}& \text{₹ 7,000}\\ \text{Cost of painting}& \underset{–}{₹16,000}\\ & \text{₹ 98,500}\\ \text{Expected profit}& \underset{–}{₹15,000}\\ & \text{₹ 113,500}\end{array}$

$\therefore$ The car should be sold at ₹113,500