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Aptitude · Q191

Profit And Loss

Competitive Exams · Aptitude · question 191

Q191

Prateek sold a music system to Karthik at 20% gain and karthik sold it to Swastik at 40% gain. If Swastik paid Rs. 10500 for the music system, What amount did Prateek pay for the same ?

A.
Rs. 6250
Answer
B.
Rs. 7500
C.
Rs. 8240
D.
Cannot be determined
E.
None of these

Answer: Option A

Solution

Answer: Option A
Solution:
Let the price paid by Prateek be Rs. x.
Then,