Multiple Choice Questions on A sold his bike to B at a loss of 20 B spent rupees 1500 on its repair and sold the bike to C for 42........... for Mathematics - All Exams Preparation

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Multiple Choice Questions

A sold his bike to B at a loss of 20 B spent rupees 1500 on its repair and sold the bike to C for 42...........

Quant (SSC) Profit and loss
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    A sold his bike to B at a loss of 20%. B spent rupees 1500 on its repair and sold the bike to C for 42000, thereby making a profit of 5%. Find the cost of bike for A?

    44125

    Incorrect Answer

    46125

    Incorrect Answer

    48125

    Correct Answer

    49715

    Incorrect Answer
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    Explanation:

    Cost of A is CP,
    cost for B = (80/100)*cp + 1500
    selling price of B = 42000 = (105/100)*[(80/100)*cp + 1500]
    CP = 48125

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