A second hand car was sold at a profit of 25%. Had it been sold for ₹26,875 less, the profit would have been 12%. What is the cost price(in ₹, to the nearest integer) of the car?
Show answer & explanation
Correct answer: A
Explanation
The correct answer is option 1 i.e. 2,06,731.
Let the cost price of car be 100x.
First SP = 125% of 100x = 125x
Second SP = 112% of 100x = 112x
Given, 125x - 112x = 26875
⇒ 13x = 26875
⇒ x = 2067.31
CP = 100x = 206731