Latest CMAT Aptitude Question SOLUTION: Ram buys a cycle for Rs 2000 and gave a cheque of amount 2500 dollars. Shop Keeper exchanged the cheque with Shyam and gave change to Ram. After 2 days, it is known that cheque is

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(#M40033652) CMAT Numerical Ability question pattern Keep an EYE

Ram buys a cycle for Rs 2000 and gave a cheque of amount 2500 dollars. Shop Keeper exchanged the cheque with Shyam and gave change to Ram. After 2 days, it is known that cheque is bounced. Shopkeeper had to pay the amount to Shyam. The cost price of cycle is Rs 1000. What is the profit / loss for shop keeper?
a. 1000 loss
b. 1500 loss
c. 1000 profit
d. None of the above

Asked In CMAT (10 years ago)

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