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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. ‘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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