Multiple choice

By selling a car for 64,000, Mr. Rao lost 20%. Then the cost price of the car is:

  1. 72000

  2. 76800

  3. 80000

  4. 84000

  5. 0
Reveal answer Fill a bubble to check yourself
C Correct answer
Explanation

Loss of 20% means selling price is 80% of cost price. 0.8 * CP = 64000. CP = 64000 / 0.8 = 80000.

AI explanation

Using the selling price formula where selling price equals cost price times (100 minus loss percentage) divided by 100, we have 64000 equals cost price times 80 divided by 100. Solving for the cost price gives 64000 times 100 divided by 80, which equals 80000.

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