Question
Download Solution PDFNivin buys a watch for Rs. 500 and sells it to Shinoy at 10% profit, Shinoy then sells it to Jenu at 20% loss and Jenu sells it to Jeevan 10% loss. How much did Jeevan pay for the watch ?
Answer (Detailed Solution Below)
Detailed Solution
Download Solution PDFGiven:
Cost Price for Nivin (CPNivin) = ₹500
Profit percentage for Nivin = 10%
Loss percentage for Shinoy = 20%
Loss percentage for Jenu = 10%
Formula Used:
Selling Price (SP) = CP × (1 + Profit%/100)
Selling Price (SP) = CP × (1 - Loss%/100)
Calculation:
Selling Price for Nivin (SPNivin) = 500 × (1 + 10/100)
⇒ SPNivin = 500 × (1 + 0.1)
⇒ SPNivin = 500 × 1.1 = ₹550
Cost Price for Shinoy (CPShinoy) = SPNivin = ₹550
Selling Price for Shinoy (SPShinoy) = 550 × (1 - 20/100)
⇒ SPShinoy = 550 × (1 - 0.2) = 550 × 0.8 = ₹440
Cost Price for Jenu (CPJenu) = SPShinoy = ₹440
Selling Price for Jenu (SPJenu) = 440 × (1 - 10/100)
⇒ SPJenu = 440 × (1 - 0.1) = 440 × 0.9 = ₹396
Cost Price for Jeevan = SPJenu = ₹396
∴ Jeevan paid ₹396 for the watch.
Last updated on Feb 11, 2025
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