Puja marks an article at 30% above its cost price and sells it to Priya at 12% discount. Priya marks it up by 50% and sells it to Gita at a discount of 25%. If selling price by Priya is Rs.1001 more than the selling price by Puja, find the price at which Sita buys the article.
Explanation:
Let the price of the article but by Puja be Rs.x
MP for Puja =x+30% of x = Rs.1.3x
SP for Puja = 1.3x*0.88 = Rs.1.144x
MP for Priya = 1.144x * 1.5 = Rs.1.716x
SP for Priya = 1.716x*0.75 = 1.287x
Now, 1.287x – 1.144x = 1001 => x = Rs.7000
CP for Sita = SP for Priya = 1.287x = 1.287*7000 = Rs.9009
Hence, option 4 is the correct answer.
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By: Amit Kumar