Reshma sells an article to Rekha at 37.5% profit, Rekha sells it to Madhu at 91/11% profit. Again Madhu…
The correct choice is: “Rs.304” Work backwards. Madhu sold at a 25% loss: Madhu’s cost = 342 ÷ 0.75 = 456. Rekha sold at 91/11% (= 1/11) profit: Rekha’s cost = 456 × 11/12 =…
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Reshma sells an article to Rekha at 37.5% profit, Rekha sells it to Madhu at 91/11% 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?
Answer and explanation
Correct answer A
The correct choice is: “Rs.304”
Work backwards. Madhu sold at a 25% loss: Madhu’s cost = 342 ÷ 0.75 = 456.
Rekha sold at 91/11% (= 1/11) profit: Rekha’s cost = 456 × 11/12 = 418.
Reshma sold at 37.5% (= 3/8) profit: Reshma’s cost = 418 × 8/11 = Rs. 304.
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CLAT UG