Multiple Choice Questions on Tim brought a bike and sold it to Harry and earned a profit of 40 Had he bought it for Rs 1000 less ........... for Mathematics - All Exams Preparation

Back to Main Page

Multiple Choice Questions

Tim brought a bike and sold it to Harry and earned a profit of 40 Had he bought it for Rs 1000 less ...........

Quantitative Aptitude ( CCS) Profit and loss
    Download Solution PDF

    Tim brought a bike and sold it to Harry and earned a profit of 40%. Had he bought it for Rs.1000 less and sold it Rs.5000 less he would have gained 25%. Find the amount spent by Harry to buy the bike.

    Rs.35000
    Correct Answer
    Rs.33000
    Incorrect Answer
    Rs.25000
    Incorrect Answer

    Rs.20000

    Incorrect Answer
    छोटे Courses बड़े Results
    Master Profit and loss
    Prepare through Micro-courses
    Try Now
    Explanation:

    Let the CP be x.
    SP = Rs.1.4x
    Now, 1.4x – 5000 = 1.25(x – 1000)
    => x = 25000
    Amount spent by Harry to buy the bike = 25000*1.4 = Rs.35000

    Hence, option 1 is the correct answer.

    By: Amit Kumar
    ProfileResources

    Let's Discuss

    Master
    Profit and loss
    With abhipedia
    Micro Courses
    Try Now
    What our students have to say
    Review on us
    Download Abhipedia Android App

    Access to prime resources

    Downlod from playstore
    download android app download android app for free