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#1 2015-04-17 05:25:36
Subsequently Sells:
Question:
David sells his Laptop to Goliath at a loss of 20% who subsequently sells it to Hercules at a Profit of 25%. Hercules, after finding some defect in the laptop, returns it to Goliath but could recover only Rs. 4.50 for every Rs. 5 he had paid. Find the amount at Hercules' loss if David had paid Rs. 1.75 lakh for the laptop.
Option A):
17,500
Option B):
3500
Option C):
2500
Option D):
20,000
Correct Answer is Option A):
17,500
Explanation:
David (100) == 20% ↓(loss)==> Goliath (80) ==25% ↑(gain)==> Hercules(100) ==10% ↓ (loss)==> Goliath (90)
Hercules loss corresponds to 10 when David buys the laptop for Rs. 100.
Thus, Hercules loss would be Rs. 17,500 when David buys the laptop for 1,75,000.
Failure is the first step towards seccess.
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2015-04-17 05:25:36
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