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?
    A Rs.557 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 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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