A car dealer purchased an old car for 1,08,500 and spent some amount on its maintenance. He sold it for 1,56,250, thereby earning a profit of 25%. How much money did he spend on the maintenance of the car?
Show answer & explanation
Correct answer: A
Explanation
The correct answer is Option 1 i.e Rs. 16,500
C.P of the car = 1,08,500
Let the amount spent on maintenance be "x"
S.P of the car = 1,56,250
ATQ,
(1,08,500 + x) + 0.25 × (1,08,500 + x) = 1,56,250
⇒ 1,35,625 + 1.25x = 1,56,250
⇒ 1.25x = 20,625
⇒ x = 20,625 / 1.25
⇒ x =16,500