Exams › SSC CGL (Prelims) › Maths

A man sells a car for ₹60,000, making a loss of 20%. What was the cost price?

1. ₹75,000
2. ₹70,000
3. ₹72,000
4. ₹65,000

Correct answer: ₹75,000

Solution

If the seller incurs a 20% loss, then the selling price is 80% of the cost price. So, cost price = 60000 ÷ 0.8 = 75000.

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