Bob sold his car for $20,000. If Bob’s profit was 25% of the purchase

Question

Bob sold his car for $20,000. If Bob’s profit was 25% of the purchase price of the car, what was the purchase price of the car?

A $4,000
B $8,000
C $12,000
D $16,000
E $18,000

praveen192 · Accepted Answer

Let the price of the car be x.
So according to the question:
1.25x = 20000
Which gives x = 16000

Option D is correct.

KSBGC · Answer

Selling price = 20000

This price includes 25% profit.

\frac{20000}{125}  * 100 = cost price

cost price = 16000.

D is the correct answer.

Archit3110 · Answer

let orginal price be x

so 
x*1.25= 20,000
x = 16,000 IMO D

Abhishek009 · Answer

\frac{20000*100}{125}

= 16,000 , Answer must be (D)

globaldesi · Answer

selling price = (100+p)/100*c.P
(100+25)/100 * cp = 20000
or CP = 100/125*20000
=4/5*20000
=16000
=D

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Bob sold his car for $20,000. If Bob’s profit was 25% of the purchase

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Bob sold his car for $20,000. If Bob’s profit was 25% of the purchase

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