Profit and loss

Quantitative Aptitude(IBPS PO)

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John bought a machine for Rs. 50,000 and spent Rs. 2000 on repairs and Rs. 500 on transport and sold it with 20% profit. What price (in Rs.) did he sell the machine?

62000

60000

61000

63000

None of these

Explanation:

Cost Price = Rs. (50000 + 2000 + 500) = Rs. 52,500

Profit = 20%

Hence, selling price = 120% of 52500 = Rs. Rs. 63,000

By: Munesh Kumari

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