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