Profit and Loss Q.6

6A dealer paid a car manufacturer Rs 1,35,000 for a car. What should be the selling price of the car, if after allowing a buyer 10 % discount on the selling price, he made a profit of 8% on his outlay?

Option : C
Explanation : Profit and loss formula is given by, Let S.P. of the car = x
Discount of 10%.
Profit = 8%.
∴ ((90/100)x – 135000/135000) × 100 = 8
⇒ (90/100)x – 135000 = 8 × 1350 ⇒ (90/100)x
⇒ x = 162000

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