Multiple Choice Questions on P sells a table to Q at a profit of 10 and Q sells it to R at a profit of 12 If R pays Rs 246 4........... for Study NOtes Preparation

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Multiple Choice Questions

P sells a table to Q at a profit of 10 and Q sells it to R at a profit of 12 If R pays Rs 246 4...........

Quantitative Aptitiude (CLAT) Profit and loss
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    P sells a table to Q at a profit of 10% and Q sells it to R at a profit of 12%. If R pays Rs. 246.40 for it, then how much had P paid for it?

    200.00

    Correct Answer

    300.00

    Incorrect Answer

    248.00

    Incorrect Answer

    346.00

    Incorrect Answer
    Explanation:

    Net percentage profit = 10 + 12 + (10x12/100) = 23.2%
    Thus, the amount paid by R is 23.2% more than the amount paid by P.
    Hence, amount paid by P = 246.40/123.2% = Rs.200

    By: Amit Kumar
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