Multiple Choice Questions on Ramya buys a washing machine at 20 discount on the list price and sells it at 5 profit At what perce........... for Mathematics - All Exams Preparation

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Multiple Choice Questions

Ramya buys a washing machine at 20 discount on the list price and sells it at 5 profit At what perce...........

Quantitative Aptitude ( CCS) Profit and loss
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    Ramya buys a washing machine at 20% discount on the list price and sells it at 5% profit. At what percent below the price did she sell the washing machine?

    15%

    Incorrect Answer

    18%

    Incorrect Answer

    20%

    Incorrect Answer

    16%

    Correct Answer
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    Explanation:

    Let, the  cp of washing machine = 100

    Ramya purchase it after 20% discount, Cp for Ramya is = 100 x 80 /100 = 80

    Sp for as per Ramya after gain 5% profit = 80 x 105 /100 = 84

    she sell the washing machine below the actual cp = 100 - 84 = 16

    In % = 16 x 100/100 = 16%

    Hence, option 4 is the correct answer.

    By: Amit Kumar
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