Anand bought a car for Rs. 8,00,000 and sold it a profit of 5% to Dhiraj. Dhiraj sold it at a loss of 4% to Anil. What is the amount paid by Anil for the car?

Correct option is B

Given:

Cost Price of car for Anand = ₹8,00,000

Profit for Anand while selling to Dhiraj = 5%

Loss for Dhiraj  = 4%

Formula Used:

Profit = SP - CP

Profit Percent =$$\frac{Profit}{CP} \times 100$$​​

Loss Percent =$$\frac{Loss}{CP} \times 100$$​​

Loss = CP - SP

Solution:

If CP of car for Anand = ₹8,00,000

Profit for Anand = 5% of 8,00,000 = ₹40,000

Selling Price for Anand = ₹8,40,000

Selling Price for Anand is Cost Price for Dhiraj

Loss for Dhiraj = 4% of 8,40,000 = ₹33,600

Selling Price for Dhiraj = 8,40,000 - 33,600 = ₹ 8,06,400

But Selling Price for Dhiraj is Cost Price for Anil

Hence Anil paid ₹8,06,400 for the car