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Question : Kapil sells a mobile to Sachin at a gain of 15% and Sachin again sells it to Rohit at a profit of 12%. If Rohit pays Rs. 322, what is the cost price of the mobile for Kapil?

Option 1: Rs. 350

Option 2: Rs. 450

Option 3: Rs. 250

Option 4: Rs. 325


Team Careers360 23rd Jan, 2024
Answer (1)
Team Careers360 24th Jan, 2024

Correct Answer: Rs. 250


Solution : Let the cost price of the mobile for Kapil be Rs. $x$.
According to the question,
$x×\frac{100+15}{100}×\frac{100+12}{100}=322$
$⇒x×\frac{115}{100}×\frac{112}{100}=322$
$\therefore x =250$
Hence, the correct answer is Rs. 250.

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