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Home Aptitude Profit and Loss See What Others Are Saying!
  • Question
  • John sells his laptop to Mark at a loss of 20% who subsequently sells it to Kevin at a profit of 25%. Kevin after finding some defect in the laptop, returns it to Mark but could recover only Rs.4.50 for every Rs. 5 he had paid. Find the amount of Kevin?s loss if John had paid Rs. 1,75,000 for the laptop ?


  • Options
  • A. Rs.16,500
  • B. Rs.17,500
  • C. Rs.14,200
  • D. Rs.15,520

  • Correct Answer
  • Rs.17,500 

    Explanation

    Let?s assume John bought the laptop for Rs. 100
    He then sells it to Mark at a loss of 20% => Rs. 80,
    Who consequently sells it to Kevin at a profit of 25% =>  Rs. 100
    Then, Kevin sells it back to Mark for Rs. 90 (Rs.4.50 for every Rs. 5 that he had paid initially), so he suffers a loss of Rs. 10
    Therefore, for Rs. 100 there is a loss of Rs. 10,
    Then for Rs. 1,75,000 there will be a loss of Rs. 17,500.

  • Tags: AIEEE, Bank Exams, CAT, GATE, GRE, Bank Clerk, Bank PO

    More questions

    • 1. 
      ?. x 4 ? 227 = 398
      ?. y 2 + 321 = 346

    • Options
    • A. 1
    • B. 2
    • C. 3
    • D. 4
    • Discuss
    • 2. If 6th March, 2005 is Monday, what was the day of the week on 6th March, 2004?

    • Options
    • A. Sunday
    • B. Saturday
    • C. Tuesday
    • D. Wednesday
    • Discuss
    • 3. 1, 4, 9, 16, 23, 25, 36

    • Options
    • A. 9
    • B. 23
    • C. 25
    • D. 36
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    • 4. 
      A sum of money is to be divided equally among P, Q and R in the respective ratio of 5 : 6 : 7 and another sum of money is to be divided between S and T equally. If S got ? 2100 less than P, then how much amount did Q receive?

    • Options
    • A. ? 2500
    • B. ? 2000
    • C. ? 1500
    • D. Couldn't be determined
    • Discuss
    • 5. 
      If a : b = b : c, then ratio a 4 : b 4 is equal to

    • Options
    • A. ac : b2
    • B. a2 : c2
    • C. c2 : a2
    • D. b2 : ac
    • Discuss
    • 6. 
      A man covers half of his journey at 6 km/h and the remaining half at 3 km/h. Find his average speed.

    • Options
    • A. 3 km/h
    • B. 4 km/h
    • C. 4.5 km/h
    • D. 9 km/h
    • Discuss
    • 7. 
      A person can walk a certain distance and drive back in 6 h. He can also walk both ways in 10 h. How much time will he take to drive both ways?

    • Options
    • A. 2 h
    • B. 21/2 h
    • C. 51/2 h
    • D. 4 h
    • Discuss
    • 8. 
      Find the least number by which 175760 be devided to make it a perfect cube.

    • Options
    • A. 10
    • B. 20
    • C. 100
    • D. 5
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    • 9. 
      The roots of the equation x2 + px + q = 0 are equal if :

    • Options
    • A. p2 = 2q
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    • Discuss
    • 10. 
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    • Options
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