Question : Avi sold a house to Bhargav at a gain of 10% and Bhargav sold it to Chetan at a gain of 20%. If Chetan paid Rs. 2,64,00,000 for it, then at what price must Avi have purchased it?
Option 1: Rs. 2,00,00,000
Option 2: Rs. 2,30,00,000
Option 3: Rs. 2,50,00,000
Option 4: Rs. 1,75,00,000
Correct Answer: Rs. 2,00,00,000
Solution : Let the price Avi purchased the house for as A. Avi sold the house to Bhargav at a gain of 10%, so Bhargav bought it for 110% of A which we denote as B. ⇒ B = 1.1A Bhargav then sold the house to Chetan at a gain of 20%, so Chetan bought it for 120% of 'B', which we denote as C. ⇒ C = 1.2B We know that Chetan paid Rs. 2,64,00,000 for the house, so C = 2,64,00,000. Substituting B = 1.1A into the equation C = 1.2B, ⇒ C = 1.2 × 1.1A ⇒ 2,64,00,000 = 1.32A $\therefore$ A = Rs. 2,00,00,000 Hence, the correct answer is Rs. 2,00,00,000.
Application | Eligibility | Selection Process | Result | Cutoff | Admit Card | Preparation Tips
Question : A sold a watch at a gain of 5% to B and B sold it to C at a gain of 4%. If C paid Rs. 91 for it, the price paid by A is:
Option 1: Rs. 83.33
Option 2: Rs. 84.33
Option 3: Rs. 83
Option 4: Rs. 82.81
Question : A trader sold an article at a gain of 20%. Had he purchased it for 40% more and sold it for Rs. 24 less, he would have incurred a loss of 20%. What is the cost price (in Rs.) of the article?
Option 1: Rs. 150
Option 2: Rs. 300
Option 3: Rs. 450
Option 4: Rs. 600
Question : Swastik purchased a laptop for Rs. 75,000 and sold it to Anju suffering a loss of 10%. Anju sold the same laptop after earning a profit of 20%. At what price (in Rs.) did Anju sell the laptop?
Option 1: Rs. 78,500
Option 2: Rs. 85,000
Option 3: Rs. 81,000
Option 4: Rs. 90,000
Question : Swati sold a bag to Ankita at a gain of 15%. Aashi bought this bag from Ankita for Rs. 24,840. Ankita earned a profit of 20%. At what price would Swati have bought the bag?
Option 1: Rs. 18,500
Option 2: Rs. 18,000
Option 3: Rs. 16,000
Option 4: Rs. 20,000
Question : A radio is sold at a profit of 20%. Had it been sold for Rs. 60 more the profit would have been 30%. The cost price of the radio is:
Option 1: Rs. 500
Option 2: Rs. 600
Option 3: Rs. 550
Option 4: Rs. 620
Regular exam updates, QnA, Predictors, College Applications & E-books now on your Mobile