Multiple Choice Questions on Rakesh purchased a car for Rs 200000 and a bike for his brother for Rs 50000 He sold the car a........... for CDS Exam Preparation

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Multiple Choice Questions

Rakesh purchased a car for Rs 200000 and a bike for his brother for Rs 50000 He sold the car a...........

Quantitative Aptitude (CDS) Profit and loss
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     Rakesh purchased a car for Rs. 200000 and a bike for his brother for Rs 50000 . He sold the car at a profit of 20 % and bike at a loss of 30%. What is the net gain or loss?

     

    10%

     

    Correct Answer

    12%

     

    Incorrect Answer

    15%

     

    Incorrect Answer

    20%

    Incorrect Answer
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    Explanation:

     Profit on car = 40000
      Loss on bike = 15000
      Net profit = 40000- 15000= 25000
      Net gain = 25000 over Rs. 250000
      Hence, profit = (25000/250000)100 =  10%

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