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Question

Mathematics Question on Profit and Loss

A sells an umbrella to B at a loss of 20%, B sells it to C at a loss of 10% and finally C sells it to D at a loss of 5%. If D bought that umbrella at 342, at what cost had A bought it?

A

Rs 400

B

Rs 500

C

Rs 560

D

Rs 600

Answer

Rs 500

Explanation

Solution

The correct option is (B): Rs 500