A man sold 18 cots for ₹ 16,800, gaining thereby the cost price of 3 cots. The cost price of a cot is · ABC26GN2656
Subject: General Aptitude · Chapter: Profit and Loss
A man sold 18 cots for ₹ 16,800, gaining thereby the cost price of 3 cots. The cost price of a cot is
(a)₹ 650
(b)₹ 700
(c)₹ 750
(d)₹ 800
Answer
Explanation
(S.P. of 18 cots) - (C.P. of 18 cots) = (C.P. of 3 cots) ⇒ C.P. of 21 cots = S.P. of 18 cots = ₹ 16800 $$\text { ⇒ C.P. of } 1 \cot =₹\left(\frac{16800}{21}\right)=₹ 800 .$$
Explanation as extracted from the printed page; notation may be imperfect.
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