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Railways PYQCBT 1 2016

RRB NTPC · Question 88

John buys four old tractors for Rs 2 lakh. He spent a total of 3 lakhs in the maintenance and repair of these four tractors. If he already sells one tractor out of four tractors for Rs. 1 lakh, then what is the average selling price of the remaining 3 tractors to get 40% total profit? A. ₹ 1.5 lakh B. ₹ 1.2 lakh C. ₹ 2 lakh D. ₹ 2.3 lakh

  1. A

  2. B

  3. D

  4. C

Show answer & explanation

Answer: (D) C

Explanation

Total cost = 2 + 3 = 5 lakh. A 40% profit means selling for 7 lakh in total. One tractor fetched 1 lakh, so the other three must bring 6 lakh, an average of 2 lakh each.