Profit and Loss Practice Test 3

Question : 35 of 40

Marks: +1, -0

Puneet sold a toy car to his friend at 10% loss. If his friend sold for Rs 2,700, at a gain of 20%, then the cost price of the car sold to Puneet was:

Rs 2,750
Rs 2,400
Rs 2,450
Rs 2,500
Rs 2,600

Validate

Solution:

The SP of the toy car sold to the friend = Rs 2,700 and gain = 20%
The CP of the toy car bought by the friend

=2700×5/6=2250

So, Puneet sold the toy car for Rs 2,250.
The CP of both to Puneet

=2250×10/9=2500

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