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Among the Things Exchanged, Which One Faced the Highest Exchange Value in Percentage Term. - Logical Reasoning

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MCQ

W, X, Y, and Z are four friends, who do not mind exchanging items. x has two chessboards each costing Rs. 500, and a record player. Z originally had a cycle and a walkman. Each cricket bat costs Rs. 700. Both W and Z got a cricket bat from Y. X gave his record player costing Rs. 2000 to Y. Z gets a camera costing Rs. 1500 from W. The cycle of Z costs Rs. 1000 and the walkman is for Rs. 700. Y had three cricket bats at the beginning and W had two cameras the total cost of which is Rs. 5000. X gave one of his chessboards to Z and took Z's cycle. Z gave his walkman to W.

Among the things exchanged, which one faced the highest exchange value in percentage term. 

Options

  • Cricket Bat

  • Record Player

  • Camera

  • Cycle

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Solution

Camera

Explanation:

First we will arrange the given information as  shown below:   
has 2 chessboards + 1 record player   
 Cost = 2 × 500 + 1 × 2000   
= 3000 (at the beginning)   
After transaction he has only 1 cycle and 1 chessboard   
 Total Cost = 1000 + 500 = 1500   
So, loss of X = 1500   
Z has 1 cycle + 1 walkman   
 Cost = 1000 + 700 = 1700     (at the beginning)   
After transaction he has only 1 bat and 1 chessboard and 1  camera 
 Total cost = 1 bat + 1 chessboard + 1 camera = 700 + 500  + 1500 = 2700   
 Profit = 1000   
Y has 3 bats   
∴ Total cost = 3 × 700 = 2100 (at the beginning)   
After transaction he has only 1 record player and 1 bat   
 Total cost = 2000 + 700 = 2700   
 Profit of Y = 600   
W has 2 cameras   
Cost = 5000 (at the beginning)   
After transaction he has only 1 bat, 1 camera and 1 walkman   
 Total cost = 1 bat + 1 camera + 1 Walkman   
= 700 + 3500 + 700 = 4900   
 Loss = 100 

Camera faced the highest exchange value in percentage term.

Concept: Statement and Assumption (Entrance Exam)
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