Shyam bought an old Honda Bike and spent ₹ 1,500 on its repairs. Then Shyam sold it to Rohan at a…
Shyam paid approximately ₹ 8,685 for the bike. Working backwards, Rudra paid 12100/1.10 = ₹ 11,000 and Rohan paid 11000/0.90 = ₹ 12,222.222…. Shyam's total cost including…
Choose your answer
Shyam bought an old Honda Bike and spent ₹ 1,500 on its repairs. Then Shyam sold it to Rohan at a profit of 20%. Rohan sold it to Rudra at a loss of 10%. Rudra finally sold it for ₹ 12,100 at a profit of 10%. Approximately how much did Shyam pay (in ₹) for the old Honda Bike ?
Answer and explanation
Correct answer B
Shyam paid approximately ₹ 8,685 for the bike. Working backwards, Rudra paid 12100/1.10 = ₹ 11,000 and Rohan paid 11000/0.90 = ₹ 12,222.222…. Shyam's total cost including repairs was 12100/(1.10×0.90×1.20) = ₹ 10,185.185…, so the purchase price was ₹ 10,185.185… − ₹ 1,500 = ₹ 8,685.185….
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