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Q: John sells his laptop to Mark at a loss of 20% who subsequently sells it to Kevin at a profit of 25%. Kevin after finding some defect in the laptop, returns it to Mark but could recover only Rs.4.50 for every Rs. 5 he had paid. Find the amount of Kevin’s loss if John had paid Rs. 1,75,000 for the laptop ?

  • 1
    Rs.16,500
  • 2
    Rs.17,500
  • 3
    Rs.14,200
  • 4
    Rs.15,520
  • Show Answer
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Answer : 2. "Rs.17,500"
Explanation :

Answer: B) Rs.17,500 Explanation: Let’s assume John bought the laptop for Rs. 100He then sells it to Mark at a loss of 20% => Rs. 80,Who consequently sells it to Kevin at a profit of 25% =>  Rs. 100Then, Kevin sells it back to Mark for Rs. 90 (Rs.4.50 for every Rs. 5 that he had paid initially), so he suffers a loss of Rs. 10Therefore, for Rs. 100 there is a loss of Rs. 10,Then for Rs. 1,75,000 there will be a loss of Rs. 17,500.

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