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Person A sold his car to Person B at a profit of 20% and B sold it to C at a profit of 10%. Person C sold it to a mechanic at a loss of 9.09%. Mechanic spent 10% of his purchasing price and then sold it at a profit of 8.33% to Person “A” once again
Quantity I: Selling Price of A
Quantity II: Selling Price of C
  • a)
    Quantity I > Quantity II
  • b)
    Quantity I < Quantity II
  • c)
    Quantity I ≥ Quantity II
  • d)
    Quantity I ≤ Quantity II
  • e)
    Quantity I = Quantity II or relation cannot be established
Correct answer is option 'E'. Can you explain this answer?
Verified Answer
Person A sold his car to Person B at a profit of 20% and B sold it to ...
A:
CP = 100
SP = 120
B:
CP = 120
SP = 132
C:
CP = 132
SP = 120
Mechanic:
CP = 120 + 12 = 132
SP = 143
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Person A sold his car to Person B at a profit of 20% and B sold it to C at a profit of 10%. Person C sold it to a mechanic at a loss of 9.09%. Mechanic spent 10% of his purchasing price and then sold it at a profit of 8.33% to Person “A” once againQuantity I: Selling Price of AQuantity II: Selling Price of Ca)Quantity I > Quantity IIb)Quantity I < Quantity IIc)Quantity I ≥ Quantity IId)Quantity I ≤ Quantity IIe)Quantity I = Quantity II or relation cannot be establishedCorrect answer is option 'E'. Can you explain this answer?
Question Description
Person A sold his car to Person B at a profit of 20% and B sold it to C at a profit of 10%. Person C sold it to a mechanic at a loss of 9.09%. Mechanic spent 10% of his purchasing price and then sold it at a profit of 8.33% to Person “A” once againQuantity I: Selling Price of AQuantity II: Selling Price of Ca)Quantity I > Quantity IIb)Quantity I < Quantity IIc)Quantity I ≥ Quantity IId)Quantity I ≤ Quantity IIe)Quantity I = Quantity II or relation cannot be establishedCorrect answer is option 'E'. Can you explain this answer? for Quant 2024 is part of Quant preparation. The Question and answers have been prepared according to the Quant exam syllabus. Information about Person A sold his car to Person B at a profit of 20% and B sold it to C at a profit of 10%. Person C sold it to a mechanic at a loss of 9.09%. Mechanic spent 10% of his purchasing price and then sold it at a profit of 8.33% to Person “A” once againQuantity I: Selling Price of AQuantity II: Selling Price of Ca)Quantity I > Quantity IIb)Quantity I < Quantity IIc)Quantity I ≥ Quantity IId)Quantity I ≤ Quantity IIe)Quantity I = Quantity II or relation cannot be establishedCorrect answer is option 'E'. Can you explain this answer? covers all topics & solutions for Quant 2024 Exam. Find important definitions, questions, meanings, examples, exercises and tests below for Person A sold his car to Person B at a profit of 20% and B sold it to C at a profit of 10%. Person C sold it to a mechanic at a loss of 9.09%. Mechanic spent 10% of his purchasing price and then sold it at a profit of 8.33% to Person “A” once againQuantity I: Selling Price of AQuantity II: Selling Price of Ca)Quantity I > Quantity IIb)Quantity I < Quantity IIc)Quantity I ≥ Quantity IId)Quantity I ≤ Quantity IIe)Quantity I = Quantity II or relation cannot be establishedCorrect answer is option 'E'. Can you explain this answer?.
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