A cyclist buys a cycle for 40 pounds and pays with a 57 pounds cheque. The seller changes the cheque next door and gives the balance 17 pounds to the cyclist. The cheque bounced and the seller was forced to repay his neighbour . if the cycle cost the seller 7 pounds, then what was his loss?
a)57 pounds b)24 pounds c)47 pounds d)7 pounds

• Seller has lost cycle and 17 pounds.
  so he lost pounds 7+17 = 24 pounds
  
  so option B.
• 13 years agoHelpfull: Yes(9) No(0)
• 24) Because He has paid rs 17 to Neighbour and the cost price was rs 7.
  so 17+7=24
• 12 years agoHelpfull: Yes(0) No(0)