Question
Download Solution PDFRam sold an item costing Rs. 1,250 at a gain of 18% to Ramesh. It was again sold by Ramesh to Shyam at a loss of 10%. Find the selling price of Ramesh.
Answer (Detailed Solution Below)
Detailed Solution
Download Solution PDFGiven:
C.P of an item = Rs.1250
Concept used:
S.P = (100 ± profit/loss %)
Calculation:
The selling price for Ram = 1250 × 118% = Rs.1475
The selling price for Ramesh = 1475 × 90% = Rs.1327.5
∴ The correct answer is Rs.1327.5.
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