Join ExamsbookAnswer : 2. "Rs.17,500"
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 ?5
Q: 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 ?
- 1Rs.16,500false
- 2Rs.17,500true
- 3Rs.14,200false
- 4Rs.15,520false
- Show AnswerHide Answer
- Workspace
Answer : 2. "Rs.17,500"
Explanation :
Answer: B) Rs.17,500 Explanation: Let’s assume John bought the laptop for Rs. 100He then sells it to Mark at a loss of 20% => Rs. 80,Who consequently sells it to Kevin at a profit of 25% => Rs. 100Then, 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. 10Therefore, 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.