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Mr. Rao sold a car at ₹ 1,64,0000, thereby incurring a 20% loss. The cost price of the car was:
Question

Mr. Rao sold a car at ₹ 1,64,0000, thereby incurring a 20% loss. The cost price of the car was:

A.

₹ 2,05,000

B.

₹2,00,500

C.

₹2,50,000

D.

₹2,00,050

Correct option is A

Given: 

Selling Price of Car (SP) = ₹ 1,64,0000 

Loss % = 20 % 

Formula Used: 

Cost Price = Selling Price(1loss %100)×100\frac{\text{Selling Price}}{\left(1 - \frac{\text{loss \%}}{100}\right)}\times100 

Solution: 

Applying the formula;

Cost Price = 164000080×100=205000\frac{1640000}{80}\times 100 = ₹205000 

Thus, the cost price of the car is ₹205000 

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