Multiple choice

Mr.Midha sold a toy that costed him 100rs to Mr.Gupta at a profit of 10%. Mr. Gupta sold it back to Mr. Midha at a loss of 10%. At what price did Mr. Midha purchase again?

  1. 90

  2. 112

  3. 99

  4. 100
Reveal answer Fill a bubble to check yourself
C Correct answer
Explanation

Mr. Midha buys for 100. Sells to Mr. Gupta at 10% profit = 110. Mr. Gupta sells back to Mr. Midha at 10% loss on his cost (110). 10% of 110 is 11. Selling price = 110 - 11 = 99.

AI explanation

Mr. Midha's first selling price is calculated as 100 + 10% profit, resulting in Rs. 110. Mr. Gupta then sells it back at a 10% loss on his Rs. 110 cost, using the formula 110 * (0.90). The result is Rs. 99.

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