New Enroll in RBI Grade B New Batch - Starts on May 21

    Question

    Pawan sold an article to Qureshi with a 30% profit. Qureshi

    then sold it to Raju, earning the same absolute profit (in Rs.) that Pawan made. Finally, Raju sold the article to Suresh at a 50% profit. By what percentage is the cost price of the article for Suresh greater than the cost price for Pawan?
    A 180% Correct Answer Incorrect Answer
    B 125% Correct Answer Incorrect Answer
    C 140% Correct Answer Incorrect Answer
    D 192% Correct Answer Incorrect Answer
    E None of these Correct Answer Incorrect Answer

    Solution

    ATQ;

    Let the cost price of the article for 'Pawan' be Rs. '100x'

    So, cost price of the article for 'Qureshi' = 100x X 1.3 = Rs. '130x'

    Profit made by 'Pawan' = 130x - 100x = Rs. 30x

    Cost price of the article for 'Raju' = 130x + 30x = Rs. 160x

    So, cost price of the article for 'Suresh' = 160x X 1.5 = Rs. 240x

    So, required % = {(240x - 100x)/100x} X 100 = 140%

    Practice Next

    Relevant for Exams: