A car is sold for ₹5,00,000, which is 20% less than its original price. What was the original price of the car?
Show answer & explanation
Correct answer: A
Explanation
The correct answer is option 1 i.e. ₹6,25,000.
The car was sold at a 20% discount.
The selling price is ₹5,00,000.
We need to find the original price (the price before the discount).
Let 'x' be the original price of the car.
⇒ The discount amount = 0.20x.
⇒ The selling price = x - 0.20x = 0.80x
We know the selling price is ₹5,00,000
⇒ 0.80x = 500000
⇒ x = 500000 / 0.80
⇒ x = 625000
The original price of the car was ₹6,25,000.