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    Question

    Kiran sold a pair of shoes to Simran at a 50% profit.

    Simran then sold it to Tanya, earning the same absolute profit (in Rs.) that Kiran made. Finally, Tanya sold the shoes to Veena at a 20% profit. By what percentage is the cost price of the shoes for Veena greater than the cost price for Kiran?
    A 180% Correct Answer Incorrect Answer
    B 134% 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 shoes for Kiran be Rs. '100x'.

    So, cost price of the shoes for Simran = 100x X 1.5 = Rs. '150x'.

    Profit made by Kiran = 150x - 100x = Rs. 50x.

    Cost price of the shoes for Tanya = 150x + 50x = Rs. 200x.

    So, cost price of the shoes for Veena = 200x X 1.2 = Rs. 240x.

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

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