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Question

Devesh sells his car to Pranav at a profit of 20% who sells it to Hemraj at a loss of 20%. Hemraj, after finding some scratches in the car, returns it to Pranav, but Pranav deducted 1/8th of the amount he got while giving the money back to Hemraj. Find Hemraj’s loss (in Rs.) in the transaction if Devesh bought the car for Rs. 3,50,000.

A 57,000 Correct Answer Incorrect Answer
B 42,000 Correct Answer Incorrect Answer
C 37,500 Correct Answer Incorrect Answer
D 39,300 Correct Answer Incorrect Answer
E None of these Correct Answer Incorrect Answer

Solution

Let Devesh’s C.P = Rs. 100 Devesh’s S.P = Pranav’s C.P = Rs. 120 Then, Pranav’s S.P = Hemraj’s C.P = 80% of 120 = Rs. 96 After deduction, Hemraj’s loss = 1/8*96 = 12 When Devesh pays Rs. 100, Hemraj’s loss was Rs. 12 When Devesh paid Rs. 3,50,000, Hemraj’s loss = 12/100*3,50,000 = Rs. 42,000

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