📢 Too many exams? Don’t know which one suits you best? Book Your Free Expert 👉 call Now!
  • google app store apple app store
    • ✖

      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%.

      Practice Next
      More Profit and loss Questions
      ask-question