Profit and Loss - Quantitative Aptitude (MCQ) questions for Q. 709

Q.  Akshay buys a motorcycle for Rs.25000. If he decides to sell the motorcycle for a profit of 7%, find the selling price.
- Published on 06 Jul 15

a. 27000
b. 26750
c. 26000
d. 25750

ANSWER: 26750
 
Profit = %profit/100 * cost price
P = 7/100 * 25000 = 1750.
Selling price = cost price + profit
= 25000 + 1750
= Rs.26750

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