Aman marked his bike 40 above cost price and sold it to Arun after two consecutive discounts of 10 a...........

Quantitative Aptitude ( CCS) Profit and loss

Aman marked his bike 40% above cost price and sold it to Arun after two consecutive discounts of 10% and 20%. In this transaction Aman made a profit of Rs.416. Find the profit earned by Arun if he sold the bike to Alok at a profit of 12%.

Rs.6901.98

Rs.6289.92

Rs.7250.23

Rs.6670.74

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Explanation:

Let the CP of the bike be Rs.x.
MP of the bike = 1.40*x = Rs.1.4x
SP of the bike = 0.90*0.80*1.4x = Rs.1.008x
Profit = 1.008x – x = 416
=> x = 52000
CP of the bike for Aman = Rs.52000
SP of bike for Aman = CP of bike for Arun = 52000+416 = Rs.52416
Profit earned by Arun = 52416*0.12 = Rs.6289.92