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 Rs. 246.40…
The correct choice is: “200.00” Let P’s cost be C. Q pays 1.10C, and R pays 1.12 × 1.10C = 1.232C. 1.232C = 246.40, so C = 246.40 ÷ 1.232 = 200. P paid Rs. 200.00. Check:…
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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 Rs. 246.40 for it, then how much had P paid for it?
Answer and explanation
Correct answer A
The correct choice is: “200.00”
Let P’s cost be C. Q pays 1.10C, and R pays 1.12 × 1.10C = 1.232C.
1.232C = 246.40, so C = 246.40 ÷ 1.232 = 200. P paid Rs. 200.00.
Check: 200 + 10% = 220, and 220 + 12% = 246.40.
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CLAT UG