Profit and loss

Quantitative Aptitude (MTS)

Title

45:30

8 of 24 completed

5 of 15 completed

38 of 100 completed

8 of 20 completed

Indian Economy - Understanding the basics of Indian economic system

John sold a watch to Sue at a gain of 20%, and Sue sold it to Rima at a profit of 10%. If Rima paid Rs2,178 for it. how much did

John pay (in Rs) for the watch?

This questions was previously asked in

SSC MTS 20th October 2021 Shift-3

1,650

1,780

1,478

1,200

- Step 1: Determine Sue's cost price.

- Rima buys the watch for Rs 2,178 at a 10% profit for Sue.

- Let Sue’s cost price be x.

- x * 1.10 = 2,178, hence x = 2,178 / 1.10 = 1,980.

- Step 2: Determine John’s cost price.

- John sold to Sue at a 20% profit, so let John’s cost price be y.

- y * 1.20 = 1,980, hence y = 1,980 / 1.20 = Rs1,650.

- Correct Answer: Option 1 – 1,650.