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Let Devesh’s C.P = Rs. 100 Devesh’s S.P = Pranav’s C.P = Rs. 120 Then, Pranav’s S.P = Hemraj’s C.P = 80% of 120 = Rs. 96 After deduction, Hemraj’s loss = 1/8*96 = 12 When Devesh pays Rs. 100, Hemraj’s loss was Rs. 12 When Devesh paid Rs. 3,50,000, Hemraj’s loss = 12/100*3,50,000 = Rs. 42,000
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