A purchased an article and sold it to B at a loss of 20% and B sold it to C at a gain of 20%. C purchases the article for Rs. 480. For what price (in Rs.) A has purchased the article ? ?->(Show Answer!)

1. A purchased an article and sold it to B at a loss of 20% and B sold it to C at a gain of 20%. C purchases the article for Rs. 480. For what price (in Rs.) A has purchased the article ?

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By: anil on 05 May 2019 02.27 am

Let cost price for A = Rs. $$100x$$ Loss % = 20% => Selling price for A = $$100x-frac{20}{100} imes100x=Rs.$$ $$80x$$ Thus, cost price for B = Rs. $$80x$$ Profit % = 20% => Selling price for B = $$80x+frac{20}{100} imes100x=Rs.$$ $$96x$$ Thus, cost price for C = Rs. $$96x$$ According to ques, => $$96x=480$$ => $$x=frac{480}{96}=5$$ $$ herefore$$ A purchased the article for = $$100 imes5=Rs.$$ $$500$$ => Ans - (A)

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MCQ-> Read the following passage carefully and answer the questions given below it. Certain words/phrases have been printed in bold to help you locate them while answering some of the questions. The past quarter of a century has seen several bursts of selling by the world’s governments, mostly but not always in benign market conditions. Those in the OECD, a rich-country club, divested plenty of stuff in the 20 years before the global financial crisis. The first privatisation wave, which built up from the mid-1980s and peaked in 2000, was largely European. The drive to cut state intervention under Margaret Thatcher in Britain soon spread to the continent. The movement gathered pace after 1991, when eastern Europe put thousands of rusting state-owned enterprises (SOEs) on the block. A second wave came in the mid-2000s, as European economies sought to cash in on buoyant markets. But activity in OECD countries slowed sharply as the financial crisis began. In fact, it reversed. Bailouts of failing banks and companies have contributed to a dramatic increase in government purchases of corporate equity during the past five years. A more lasting fea ture is the expansion of the state capitalism practised by China and other emerging economic powers. Governments have actually bought more equity than they have sold in most years since 2007, though sales far exceeded purchases in 2013. Today privatisation is once again “alive and well”, says William Megginson of the Michael Price College of Business at the University of Oklahoma. According to a global tally he recently completed, 2012 was the third-best year ever, and preliminary evidence suggests that 2013 may have been better. However, the geography of sell-offs has changed, with emerging markets now to the fore. China, for instance, has been selling minority stakes in banking, energy, engineering and broadcasting; Brazil is selling airports to help finance a $20 billion investment programme. 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