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?Solution
ATQ,
Let, the price at which Manoj bought the laptop be Rs. ‘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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