New Upcoming Legal Jobs Free Workshop March 11 at 5 PM. Register here

    Question

    Rishabh bought a Cycle at a discount of 6⅔% on MRP.

    He earned half the amount of his CP by renting it for 100 days. After that he resells it at half of MRP. In this transaction he earned Rs. 100, find MRP of Cycle (in Rs).
    A Rs.2000 Correct Answer Incorrect Answer
    B Rs.1500 Correct Answer Incorrect Answer
    C Rs.4000 Correct Answer Incorrect Answer
    D Rs.3000 Correct Answer Incorrect Answer
    E None of these Correct Answer Incorrect Answer

    Solution

    Let the MRP of cycle is 6x. ∴ Discount = 20/ 3% of 6x = 0.4x ∴ Rishabh bought this cycle for 5.6x. He earns 2.8x by renting it and resells it at 3x. ATQ, 3x + 2.8x – 5.6x = 100 0.2x = 100 ⇒ x = 500 ∴ MRP = 6x = 6 × 500 = Rs. 3000

    Practice Next