Multiple choice

Passage

Directions: The question below contains a statement followed by Quantity I and Quantity II. Find both the quantities to determine the relationship among them and mark your answer accordingly.

Sunil buys a mobile for Rs. 10,000 and sells it to Mukesh at 5% profit. Mukesh sells it to Raveena for 20% loss. Raveena uses it for 1 year and then sells it to Sonali at a profit of 2%. Quantity I: Cost price for Sonali Quantity II: Cost price for Raveena

  1. Quantity I > Quantity II

  2. Quantity I < Quantity II

  3. Quantity I ≤ Quantity II

  4. Quantity I ≥ Quantity II

  5. Quantity I = Quantity II, or the relationship cannot be established from the information given.
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A Correct answer
Explanation

Sunil buys for 10,000. Mukesh buys at 10,000 * 1.05 = 10,500. Raveena buys at 10,500 * 0.8 = 8,400. Sonali buys at 8,400 * 1.02 = 8,568. Quantity I (Sonali's CP) = 8,568. Quantity II (Raveena's CP) = 8,400. Thus, I > II.

AI explanation

Sunil's selling price to Mukesh is 10000 plus 5 percent of 10000, which equals Rs. 10500. Mukesh sells to Raveena at a 20 percent loss, making Raveena's cost price 80 percent of 10500, which equals Rs. 8400. Quantity II is Rs. 8400. Raveena sells to Sonali at a 2 percent profit, making Sonali's cost price 102 percent of 8400, which equals Rs. 8568. Comparing the two quantities, Rs. 8568 is greater than Rs. 8400.

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