Question
Anil sells a car to Bina at a profit of 20%. Bina sells
it to Karan at a profit of 25%. If Karan pays ₹2,25,000 for it, then, find the CP of the car for Anil.Solution
Overall Profit from Anil to Bina to Karan = 20% and 25% Applying the Successive Increment Method Successive Profit % = 20% + 25% + (20 × 25/100) % = 50% 50% = 1/2 CP = 2 units Profit= 1 unit SP = CP + Profit = 2 + 1 = 3 units (Given as Rs. 225000) 3 units = Rs. 225000 1 unit = Rs. 75000 2 units = Rs. 75 x 2 = Rs. 150000
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