Advertisements
Advertisements
Question
John sold an article to Peter at 20% profit and Peter sold it to Mohan at 5% loss. If Mohan paid Rs.912 for the article; find how much did John pay for it?
Advertisements
Solution
Mohan paid for the article = Rs.912
∵ Peter sold the article to Mohan
∴ For peter :
S.P. = Rs.912
Loss = 5%
C.P. =`100/((100-"Loss"%))xx"S.P."`
`=100/((100-5))xx"Rs."912`
= RS.`(100xx912)/95`
= 20 × 48 = Rs.960
John sold the same article to Peter
∴ For John :
S.P. = Rs.960
Profit = 20%
C.P. =`100/((100+"Profit"%))xx"S.P."`
`=100/((100+20))xx"Rs."960`
= Rs.`100/120xx960`
= Rs. 100 × 8 = Rs.800
Hence, John paid for article = Rs.800
APPEARS IN
RELATED QUESTIONS
A shopkeeper marks his goods at 30 percent above the cost price and then gives a discount of 10 percent. Find his gain percent.
Find a single discount (as a percent) equivalent to following successive discounts:
20%, 10% and 5%
A shopkeeper buys an article whose list price is ₹ 800 at some rate of discount from a wholesaler. He sells the article to a consumer at the list price and charges sales tax at the prescribed rate of 7.5%. If the shopkeeper has to pay a VAT of ₹ 6, find the rate of discount at which he bought the article from the wholesaler.
Find the M.P. in the following:
S.P. =Rs. 1892, Discount =14%
A shopkeeper allows 20% discount on his article. What price must he mark on an article, which costs him Rs.1750, to make a profit of 20%?
A shopkeeper marks the price of an article at Rs. 1200. Find the selling price, if he allows:
two successive discounts of 15% and 10%.
A firm dealing in computers, allows 5% discount on the marked price of each system. What price must be marked on a computer set which costs Rs. 20,000 to assemble, so as to make a profit of 25%?
The cost of production of a video game is Rs.5200. This is divided between material, labour and overheads in the ratio 5:6:2. If the video game is marked at a price that gives a 30% profit, find the marked price. If the cost of material, labour and overheads increased by 40%, 30% and 10% respectively, calculate the cost of manufacturing the video game now and the marked price so as to get the same percentage as before.
Find the M.P. in the following :
S.P. = Rs.1245, Discount = 17%
A watch worth Rs 5400 is offered for sale at Rs 4,500. What per cent discount is offered during the sale?
