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?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%
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