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.
A. 3500
B. 2500
C. 17,500
D. 20,000
E. None of these
Answer: Option C
Solution(By Examveda Team)
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.
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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