Multiple Choice Questions on John bought a machine for Rs 50 000 and spent Rs 2000 on repairs and Rs 500 on transport and sold it........... for IBPS (PO/SO) Preparation

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Multiple Choice Questions

John bought a machine for Rs 50 000 and spent Rs 2000 on repairs and Rs 500 on transport and sold it...........

Quantitative Aptitude(IBPS PO) Profit and loss
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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 

    Incorrect Answer

    60000

    Incorrect Answer

    61000 

    Incorrect Answer

    63000

    Correct Answer

    None of these

    Incorrect Answer
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    Explanation:
    Cost Price = Rs. (50000 + 2000 + 500) = Rs. 52,500
    Profit = 20%
    Hence, selling price = 120% of 52500 = Rs. Rs. 63,000

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