A man sells a car to his friend at 10% loss. If the friend sells it for Rs. 54000 and gains 20%, the original C.P. of the car was?

Rs. 25000
Rs. 37500
Rs. 50000
Rs. 60000

Correct Answer: Rs. 50000

Explanation:

∵ S.P. = Rs. 54000
Gain earned = 20%
∴ C.P. = Rs. (100/120) x 54000 = Rs. 45000
Now, S.P. = Rs. 45000
And Loss = 10%
∴ Original C.P. = Rs. (100/90) x 45000 = Rs. 50000

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