Mira sold her phone to Ravi at 40% profit and Ravi sold it to Dileep a

1.	Mira sold her phone to Ravi at 40% profit and Ravi sold it to Dileep at a loss of 20%. If Dileep bought the phone for Rs.8456, at what price did Mira purchased it?1. Rs. 77502. Rs. 78503. Rs. 75504. Rs. 7500
Answer» Correct Answer - Option 3 : Rs. 7550 Given: Mira’s Profit = 40% Ravi’s loss = 20% Dileep’s C.P = Rs. 8456 Concept used: S.P = C.P × (100 + P%)/100 S.P = C.P × (100 – L%)/100 Where, S.P → Selling price C.P → Cost price P% → Profit% L% → Loss% Calculations: Let Mira bought the phone for Rs. 100x C.P of the phone for Ravi = S.P of the phone for Mira = 100x × 140/100 = 140x C.P of the phone for Dileep = S.P of the phone for Ravi = 140x × 80/100 = 112x C.P of the phone for Dileep = 112x = 8456 ⇒ x = 75.5 Mira purchased the phone = 75.5 × 100 = 7550 ∴ Mira purchased the phone for Rs. 7550.

Mira sold her phone to Ravi at 40% profit and Ravi sold it to Dileep at a loss of 20%. If Dileep bought the phone for Rs.8456, at what price did Mira purchased it?1. Rs. 77502. Rs. 78503. Rs. 75504. Rs. 7500

Answer» Correct Answer - Option 3 : Rs. 7550

Given:

Mira’s Profit = 40%

Ravi’s loss = 20%

Dileep’s C.P = Rs. 8456

Concept used:

S.P = C.P × (100 + P%)/100

S.P = C.P × (100 – L%)/100

Where,

S.P → Selling price

C.P → Cost price

P% → Profit%

L% → Loss%

Calculations:

Let Mira bought the phone for Rs. 100x

C.P of the phone for Ravi = S.P of the phone for Mira = 100x × 140/100 = 140x

C.P of the phone for Dileep = S.P of the phone for Ravi = 140x × 80/100 = 112x

C.P of the phone for Dileep = 112x = 8456

⇒ x = 75.5

Mira purchased the phone = 75.5 × 100 = 7550

∴ Mira purchased the phone for Rs. 7550.

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