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Question
Reshma sells an article to Rekha at 37.5% profit, Rekha sells it to Madhu `9 1/11%` at profit. Again Madhu sells it to Mitu at 25% loss. If Mitu pays Rs.342 for the article, then what is the cost price of the article to Reshma?
Options
Rs.304
Rs.266.50
Rs.380
Rs.384.75
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Solution
Rs.304
Explanation:
The cost price of the article to Reshma
`=342xx100/((100-25)) xx 100/ ((100+9.09) )xx 100/((100+37.5))`
= RS. 304
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