Multiple Choice Questions on A man sells a scooter to his friend at 10 loss If the friend sells it for Rs 54000 and gains 20 find........... for Mathematics - All Exams Preparation

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Multiple Choice Questions

A man sells a scooter to his friend at 10 loss If the friend sells it for Rs 54000 and gains 20 find...........

Quantitative Aptitude ( CCS) Profit and loss
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    A man sells a scooter to his friend at 10% loss. If the friend sells it for Rs. 54000 and gains 20%, find the original cost price of the scooter.

    Rs. 50000

    Correct Answer

    Rs. 45000

    Incorrect Answer

    Rs. 40000

    Incorrect Answer

    None of these

    Incorrect Answer
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    Explanation:

    Selling price of the car = Rs.54,000 
    gain 20%
    Friend's cost price of the car = Rs.54000×100/120 = Rs.45,000
    Now selling price of the car of the first owner Rs.45000
    Loss 10% 
    Cost price of the car = 45000×100/90 = Rs.50,000

    Hence, option 1 is the correct answer.

    By: Amit Kumar
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