Profit and loss

Quantitative Aptitude (CGL)

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Ranjan bought a second hand scooter for Rs 6000 he spent Rs 300 on its repair and sold at to vineet at a profit of 10%. Vineet sold the scooter to Mukesh at a loss of 10%. At what price did Mukesh buy the scooter

Rs. 7267

Rs. 6550

Rs. 6837

Rs. 6237

Explanation:

(Ranjan) CP of the scooter = 6000

Overhead expenses = 300

Actual CP = 6300

Profit% = 10%

Profit = 10% of 6300

= 10/100*6300 = 630

SP = CP + Profit

= 6300 + 630 = 6930

(Vineet) CP of the scooter = 6930

Loss% = 10%

Loss = 10% of 6930

= 10/100*6930 = 693

SP = CP - Loss

= 6930 - 693 = 6237

Hence, option 4 is the correct answer.

By: Amit Kumar

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