Two cars have the same cost price. One is sold at a profit of $15 %$ and the other for Rs. 23000 more than the first. If the net profit is $20 %$ , the cost price of each car is (in Rs.)___

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Solution

Let the cost price be ‘p’ then

2 (1.15 P) + 23000 = 2 (1.2 P)

0.1 P = 23000

P = Rs.230000

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Two cars have the same cost price. One is sold at a profit of 15% and the other for Rs. 23000 more than the first. If the net profit is 20%, the cost price of each car is (in Rs.)___

Let the cost price be ‘p’ then 2 (1.15 P) + 23000 = 2 (1.2 P) 0.1 P = 23000 P = Rs.230000

Two cars have the same cost price. One is sold at a profit of $15 %$ and the other for Rs. 23000 more than the first. If the net profit is $20 %$ , the cost price of each car is (in Rs.)___

Let the cost price be ‘p’ then

2 (1.15 P) + 23000 = 2 (1.2 P)

0.1 P = 23000

P = Rs.230000