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Arithmetic Ability
Profit and Loss

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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 ?

A. Rs.16,500

B. Rs.17,500

C. Rs.14,200

D. Rs.15,520

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Correct choice: B

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.

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Arithmetic Ability Profit and Loss

Arithmetic Ability
Profit and Loss