Profit and loss

Quantitative Aptitude (CGL)

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Tim brought a bike and sold it to Harry and earned a profit of 40%. Had he bought it for Rs.1000 less and sold it Rs.5000 less he would have gained 25%. Find the amount spent by Harry to buy the bike.

Rs.35000

Rs.33000

Rs.25000

Rs.20000

Explanation:

Let the CP be x.
SP = Rs.1.4x
Now, 1.4x – 5000 = 1.25(x – 1000)
=> x = 25000
Amount spent by Harry to buy the bike = 25000*1.4 = Rs.35000

Hence, option 1 is the correct answer.

By: Amit Kumar

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