ABC26GN2656 · Profit and Loss

Subject: General Aptitude · Chapter: Profit and Loss · Exam: · Marks: · Difficulty:

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

Answer (as printed): D

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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