Question

P sells a table to Q at a profit of 10% and Q sells it to R at a profit of 12%. If R pays ₹246.40 for it, then how much had P paid for it?

Options

• 200.00

• 300.00

• 248.00

• 346.00

Answer 1

200.00

Explanation:

Let P paid for table = ₹ P

After all, R paid = ₹ 246.40

According to the question,

246.40 = P`[110/100][112/100]`

`"P"=(246.40xx100xx100)/(110xx112) =246400/ (11xx112)=₹ 200`