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?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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