📢 Too many exams? Don’t know which one suits you best? Book Your Free Expert 👉 call Now!

    Question

    Neha sold a product to Sanjana at a 20% profit. Sanjana

    then sold it to Meera, earning the same absolute profit (in Rs.) that Neha made. Finally, Meera sold the product to Priya at a 60% profit. By what percentage is the cost price of the product for Priya greater than the cost price for Neha?
    A 180% Correct Answer Incorrect Answer
    B 124% Correct Answer Incorrect Answer
    C 140% Correct Answer Incorrect Answer
    D 110% Correct Answer Incorrect Answer
    E None of these Correct Answer Incorrect Answer

    Solution

    ATQ;

    Let the cost price of the product for Neha be Rs. '100x'.

    So, cost price of the product for Sanjana = 100x X 1.2 = Rs. '120x'.

    Profit made by Neha = 120x - 100x = Rs. 20x.

    Cost price of the product for Meera = 120x + 20x = Rs. 140x.

    So, cost price of the product for Priya = 140x X 1.6 = Rs. 224x.

    So, required % = {(224x - 100x)/100x} X 100 = 124%.

    Practice Next
    More Profit and loss Questions

    Relevant for Exams:

    ask-question