Teaching SUPER TET - UP Assistant Teacher Mock Test Series Quantitative Aptitude Profit and Loss

A man sells a car to his friend at the loss of 10 %; who in return sells it for Rs. 54000 making a profit of 20 %. What was the initial value of the car?

1
Rs. 50,000
2
Rs. 25,000
3
Rs. 37,500
4
Rs. 60,000
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