Finding Prices / Charges Related to Buying and Selling
A bought a cy...
Question
A bought a cycle and spent Rs. 110 on its repairs. He then sold it to B at a profit of 20%. B sold it to C at a loss of 10%. C sold it at a profit of 10% for Rs. 1188. How much did Rs. A buy it for?
A
Rs. 850
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B
Rs. 890
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C
Rs. 930
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D
Rs. 950
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Solution
The correct option is B Rs. 890 Let the cost price including Rs. 110 for A be x. According to the question, 1188=1.10×0.9×1.20×x x = 11881.1×0.9×1.20 Hence, A paid 1000−110 = Rs. 890 for the bicycle.