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A car is sold for Rs. 85000 at a loss of 20%. What is the cost price (CP) of the car?

Solution

Correct Option: 4

Let CP be xx. SP =x20% of x=4x5=85000= x - 20\% \text{ of } x = \frac{4x}{5} = 85000. Therefore x=85000×54=106250x = \frac{85000 \times 5}{4} = 106250.

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