Ram sells a suitcase to Mohan at 20% profit. Mohan sells it to Shyam at a 40% profit. If Shyam pays Rs.1430 for it. then the price at which Ram bought it is:
This questions was previously asked in
ssc cgl 2023 pre
Explanation:
- Shyam paid Rs.1430 for the suitcase.
- Mohan sold it to Shyam at a 40% profit.
- Let the cost price for Mohan be Rs. \( x \).
- \( x + 0.40x = 1430 \)
- Solving, \( 1.40x = 1430 \)
- \( x = 1430 / 1.40 = 1021.43 \)
- Mohan bought it from Ram at Rs.1021.43
- Ram sold it to Mohan at a 20% profit.
- Let the original cost price for Ram be Rs. \( y \).
- \( y + 0.20y = 1021.43 \)
- Solving, \( 1.20y = 1021.43 \)
- \( y = 1021.43 / 1.20 = 851.19 \)
- The correct answer is Option: 4, Rs. 851.19
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By: Parvesh Mehta