New SIDBI Grade A New Batch Starts on Nov 18

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    Question

    A sold a toy to B at a profit of 15%. Later, B sold it back to A at a profit of 20%, thereby gaining Rs. 575. How much did A pay for the toy originally?

    A RS.2500 Correct Answer Incorrect Answer
    B Rs. 2560 Correct Answer Incorrect Answer
    C Rs. 2760 Correct Answer Incorrect Answer
    D Rs. 2800 Correct Answer Incorrect Answer

    Solution

    Let the CP of A =100 SP of A at the profit of 15%=115. The SP of A is the CP of B. CP of B =115 SP of B at the profit of 20% =115×120 /100 =138 Profit of B =138-115=23. ATQ- 23 =575 1 =25. 100 =2500. CP of A =2500.

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