Multiple choice

A person $A$ sells a table costing Rs. $2000$ to a person $B$ and earns a profit of $6\%$. The person $B$ sells it to another person $C$ at a loss of $5\%$. At what price did $B$ sell the table?

  1. Rs. $2054$
  2. Rs. $2050$
  3. Rs. $2024$
  4. Rs. $2014$
Reveal answer Fill a bubble to check yourself
D Correct answer
Explanation

A sells to B at 6% profit: 2000 * 1.06 = 2120. B sells to C at 5% loss: 2120 * 0.95 = 2014.

AI explanation

Using the successive selling price formula, B's selling price to C is the original cost multiplied by (1 + profit fraction) and then by (1 - loss fraction). The calculated price is 2000 * 1.06 * 0.95. Multiplying these values yields 2000 * 1.007, resulting in a final selling price of Rs. 2014.

Keep practicing — related questions