Question
Easy
A person X sells an article of Rs. 100 with a loss of 10% to the person Y. Y sells it at a gain of 10% to another person Z. What is the price at which Y sold the article to Z?
1
Rs. 100
2
Rs. 99
3
Rs. 110
4
Rs. 101
Question Details
Time to Solve: 12
Exam: REET
Level/Paper: Paper 1
Chapter:
Topic:
Correct Answer
Option B
Explanation
To determine the price at which person Y sold the article to person Z, we need to follow the sequence of transactions and apply the given percentages of loss and gain. 1. Initial Sale by X to Y: - Person X sells the article for Rs. 100 with a loss of 10%. - A 10% loss on Rs. 100 means the cost price for X was higher. To find the…Read More
Similar Questions from REET Exam - Paper 1 - Year 2011
Question 1
Easy
Source :
REET 2011
A person took some loan from a bank at the rate of 15% annual interest. If he pays back Rs. 7,250 after 3 years then…
Question 2
Easy
Source :
REET 2011
What is the interest on Rs. 500 for six months with a rate of interest 8% calculated six monthly?
Question 3
Easy
Source :
REET 2011
Which is a plane in the following?
Question 4
Easy
Source :
REET 2011
Which of the following statements is not true?