A Microwave oven is sold in Hyderabad for Rs. M. A retailer, Elahi from Hyderabad went to Madras and bought it for 25% less (when compared to the price in Hyderabad). He spends Rs. 1.000 on transport to bring it from Madras to Hyderabad. He sold it in Hyderabad for Rs. M making a profit of 10%. Find the value of M (in Rs.).
A. 6,305.8
B. 6,258.8
C. 6,285.7
D. 6,527.9
Answer: Option C
Solution(By Examveda Team)
$$25\% = \frac{1}{4}$$Let price in Madras is 3x and Hyderabad 4x = M
Now, According to the question,
3x + 1000 is the cost price when it is taken from Maderas
Now,
$$\eqalign{ & \left( {3x + 1000} \right)\frac{{110}}{{100}} = 4x \cr & 33x + 11000 = 40x \cr & 7x = 11000 \cr & {\text{M}} = 4x = \frac{{11000 \times 4}}{7} = 6285.7 \cr} $$
Related Questions on Profit and Loss
A. 45 : 56
B. 45 : 51
C. 47 : 56
D. 47 : 51
A. Rs. 2600
B. Rs. 2700
C. Rs. 2800
D. Rs. 3000
A. A neither losses nor gains
B. A makes a profit of 11%
C. A makes a profit of 20%
D. B loses 20%
A. Rs. 3,750
B. Rs. 3,250
C. Rs. 2,750
D. Rs. 2,250
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