Multiple choice

A man sells his car for Rs. 3 lakh and loses some amount. Had he sold it for Rs. 5.60 lakh, his gain would have been Rs. 0.40 lakh less than the former loss. Find the cost price of the car.

  1. Rs. 3.50 lakh

  2. Rs. 4.50 lakh

  3. Rs. 2.50 lakh

  4. Rs. 5 lakh

  5. Rs. 2 lakh
Reveal answer Fill a bubble to check yourself
B Correct answer
Explanation

Let the CP of the car be Rs. x  lakh and loss be Rs. y lakh. 

Then, loss = CP - SP

y = x - 3 -------------------(1) 

Again y - 0.40 = 5.60 - x --------------------(2) 

After solving, we get 

x = 4.50 and y = 1.5

So, the CP of the car Rs. 4.50 lakh.

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