1.

Rita buys a toaster at some price. However, she finds it defective and sells to Ram at 20% loss. Ram repairs it and sells at a profit of 40% to Rekha. If Rekha buys it for Rs. 5600, how much loss did Rita suffer?1). Rs. 12002). Rs. 11203). Rs. 14004). Rs. 1000

Answer»

Ram SOLD the toaster at 40% profit.

Using the FORMULA, $({\rm{CP\;}} = {\rm{}}\frac{{{\rm{SP}}}}{{1{\rm{}} + {\rm{profit\% }}}})$

Where, CP = cost price

SP = Selling Price

Putting SP = Rs. 5600 and profit percent = 40%, we GET CP = Rs. 4000.

∴ Ram has bought it for Rs. 4000.

Rita had sold it for 20% loss.

Putting SP = 4000 and loss = 20%.

C.P = Rs. 5000

∴ Rita had bought it for Rs. 5000.

∴ Loss suffered by Rita = Rs. (5000 − 4000) = Rs. 1000


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