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Aptitude · Q66

Profit And Loss

Competitive Exams · Aptitude · question 66

Q66

David sells his Laptop to Goliath at a loss of 20% who subsequently sells it to Hercules at a Profit of 25%. Hercules, after finding some defect in the laptop, returns it to Goliath but could recover only Rs. 4.50 for every Rs. 5 he had paid. Find the amount at Hercules' loss if David had paid Rs. 1.75 lakh for the laptop.

A.
3500
B.
2500
C.
17,500
Answer
D.
20,000
E.
None of these

Answer: Option C

Solution

Answer: Option C
Solution:
David (100) == 20% ↓(loss) ⇒ Goliath (80) == 25% ↑(gain) ⇒ Hercules(100) == 10% ↓ (loss) ⇒ Goliath (90)
Hercules loss corresponds to 10 when David buys the laptop for Rs. 100.
Thus, Hercules loss would be Rs. 17,500 when David buys the laptop for 1,75,000.