IBPS Government Jobs Exams Numerical Ability Profit and Loss

Abhay bought a car at 10% discount on a marked price. After 8 months, he sold that car to his friend Nirbhay at 20% loss. If Nirbhay paid Rs. 4,50,000 for buying this car, then what was the marked price?
A)Rs. 6,75,000 B)Rs. 6,50,000 C)Rs. 6,25,000 D)Rs. 7,25,000 E)None of these

Read Solution (Total 1)

Nirbhay paid to Abhay = 450000
i.e S.P of Abhay =450000 with loss of 20%
so...........C.P of Abhay is............562500

but it is 10% less than the Market Price
So.. therefore Market price of the car is....625000.
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