Question
Anil sold an item to Ravi at a profit of 15%. Ravi then
sold it to Suresh making a profit of 25%. If Suresh purchased the item for Rs. 690, what was the original price Anil paid for it?Solution
ATQ,
Let the price at which Anil bought the item be Rs. ‘x’
So, cost price for Ravi = 115% of x = Rs. 1.15x
Then, cost price for Suresh = 125% of 1.15x = Rs. 1.4375x
Therefore, 1.4375x = 690
x = 480
So, the price at which Anil bought the item = Rs. 480
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