Question
Anil sells a table to Kamal at a profit of 10% and Kamal
sells it to Rajat at a profit of 12%. If Rajat pays ₹246.40 for it, then how much had Anil paid for it?Solution
Let price paid by Anil = 100 unit Anil sells it to Kamal at 10% profit, CP for Kamal = 100 × (110/100) = 110 unit Kamal sells it to Rajat at 12% profit, CP for Rajat = 110 × (112/100) = 123.2 unit Rajat pays ₹ 246.40 for table, 123.2 unit = ₹ 246.40 ⇒ 1 unit = 246.4/123.2 = Rs. 2 ⇒ 100 unit = 100 × 2 = Rs. 200 ∴ Anil will pay Rs. 200.
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