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      Question

      Manoj bought a laptop and sold it to Raj at 25% profit. Raj

      then sold it to Simran making a 12% profit. If Simran paid Rs. 700, what was Manoj’s purchase price?
      A Rs.500 Correct Answer Incorrect Answer
      B Rs.800 Correct Answer Incorrect Answer
      C Rs.560 Correct Answer Incorrect Answer
      D Rs.200 Correct Answer Incorrect Answer
      E None of these Correct Answer Incorrect Answer

      Solution

      ATQ,

      Let, the price at which Manoj bought the laptop be Rs. β€˜x’

      So, cost price of laptop for Raj = 125% of x = Rs. 1.25x

      And, cost price of laptop for Simran = 112% of 1.25x = Rs. 1.4x

      Therefore, 1.4x = 700

      x = 500

      So, the price at which Manoj bought the laptop = Rs. 500

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