A sells a bicycle to B at a 20% profit. B sells it to C at a 25% profit. If C pays Rs. 1500, what did A pay for it? MCQ with Answer and Explanation

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A sells a bicycle to B at a 20% profit. B sells it to C at a 25% profit. If C pays Rs. 1500, what did A pay for it?

A. Rs. 1000

B. Rs. 1200

C. Rs. 1100

D. Rs. 900

Answer: Option A

Solution (By JKSSB Mock Tests)

Let A's Cost Price = X. X * 1.20 * 1.25 = 1500. 1.50 * X = 1500. X = 1000.

This question belongs to: Maths Profit And Loss

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Question #1

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A man sells an article for Rs. 264, gaining 20%. What is the cost price?

A. Rs. 230

B. Rs. 220

C. Rs. 240

D. Rs. 210

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Correct Answer: Option B

Explanation:
CP = 264 / 1.20 = 220.

This question belongs to: Maths Profit And Loss

Question #2

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A man sold two items for Rs. 10000 each. On the first item, he gained 25%. On the second item, he lost 20%. Find his total profit or loss amount in Rupees.

A. Profit Rs. 1000

B. Loss Rs. 500

C. Profit Rs. 500

D. Loss Rs. 1000

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Correct Answer: Option B

Explanation:
SP1 = 10000, Profit = 25%, CP1 = 10000 / 1.25 = 8000. SP2 = 10000, Loss = 20%, CP2 = 10000 / 0.80 = 12500. Total CP = 8000 + 12500 = 20500. Total SP = 10000 + 10000 = 20000. Total Loss = Total CP - Total SP = 20500 - 20000 = Rs. 500.

This question belongs to: Maths Profit And Loss