Question
Anaya sold a watch to Kirti with a 24% markup, and Kirti then sold the watch to Bhavya at a 12% markup. If Bhavya purchased the watch for Rs. 694.4, determine the original price Kirti paid Anaya for the watch.
Solution
Let the cost price of watch for Anaya be Rs. '100z'. Price of watch for Kirti = 1.24 X 100z = Rs. '124z' Price of watch for Bhavya = 1.12 X 124 = Rs. '138.88z' ATQ, 138.88z = 694.4 Or, 'z' = (694.4/138.88) So, 'z' = 5 Therefore, required price = '124z' = 124 x 5 = Rs. 620
More Profit and loss Questions
- A product is bought for Rs. 1,800. The shopkeeper tags it at 25% above the cost price and offers a discount of Rs. 200 at the time of sale. What is the per...
- By selling two articles for Rs.800, a person gains the cost price of 5 articles. The profit percent is.
- A mobile phone was sold for Rs. 22,500 at a loss of 10%. If the same phone had been sold for Rs. 27,000, what would be the profit percentage?
- An article is marked 60% above its cost price and sold after allowing a discount of 20%. If the selling price of the article is Rs. 4,800, then find the pr...
- A man purchases an equal number of oranges at two different rates: 3 for Rs 13 and 5 for Rs 20. He then sells all the oranges at a rate of 4 for Rs 15. Wha...
- A bike is priced at Rs. 300 and sold after two successive discounts of 16% each. What is the final selling price?
- ‘X’ sold an item to ‘Y’ at 25% profit, who then sold it to ‘Z’ at a profit of Rs. 60. If the difference between cost price of the item for ‘Z’ and cost pri...
- A shopkeeper marks his goods 50% above the CP and gives 20% discount to customer. At the time of selling the goods he uses 900gm weight instead of 1 kg. Fi...
- A merchant fixed the selling price of his articles at 675 after adding 35% profit to the cost price. As the sale was very low at this price level, he decid...
- The cost price of two dozen bananas is Rs. 48 after selling 18 bananas at the rate of Rs. 18 per dozen, the shopkeeper reduced to rate of Rs. 12 per dozen....
Relevant for Exams:
