CMAT Exam Numerical Ability

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

Read Solution (Total 1)

COST OF ITEM=1000
CHANGE TO RAM=500
RETURN MONEY TO SHYAM=2500
TOTAL LOSS= 4000
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CMAT Other Question

A man gains 20% by selling an article for a certain price. If he sells it at double the price, the percentage of profit will be
a. 40
b. 100
c. 120
d. 140 Person buys a book for Rs 15, after one year he sells it for Rs 20. After one year, again he buys the same book at Rs 30 and sells it for Rs 40. What is the total profit for that person?
a. 5
b. 15
c. 25
d. None of the above