Question
Varun sold an item to Ritu at a 12% profit. Ritu then sold
it to Nikhil at a 28% profit. If Nikhil purchased the item for Rs. 798.72, what was the original price paid by Varun?Solution
ATQ,
Let Varun’s cost price be Rs. ‘x’
Ritu’s cost = 112% of x = Rs. 1.12x
Nikhil’s cost = 128% of 1.12x = Rs. 1.4336x
So, 1.4336x = 798.72
x = 557
Hence, the amount Varun originally paid = Rs. 557
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