Question

An owner of Honda City car sells his car at a price of RM 7.50,000 with a loss present of 12.5%. Then find the price at which he purchased the car and also find the loss suffered by the owner.
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Answer 1

Answer:

Cost = RM 857143

Loss = RM 107143

Step-by-step explanation:

Given:

• Selling price SP = RM 750000
• Loss% = 12.5
• Cost price CP = x

Cost price is found as:

• SP = CP - 12.5%
• 750000 = x - 12.5%
• 750000= x*(100-12.5)/100
• 750000= 0.875x
• x= 750000/0.875
• x≈ RM 857143

Loss is:

• RM 857143 - 750000 = RM 107143