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
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