4 Views

Question : P sells a toy to Q at a profit of 40 percent and Q sells it to R at a profit of 10 percent. If R pays Rs. 539 for the toy, then what was the cost price of the toy for P?

Option 1: Rs. 450

Option 2: Rs. 300

Option 3: Rs. 400

Option 4: Rs. 350


Team Careers360 5th Jan, 2024
Answer (1)
Team Careers360 16th Jan, 2024

Correct Answer: Rs. 350


Solution : Given: P sells a toy to Q at a profit of 40 percent and Q sells it to R at a profit of 10 percent.
Let the cost price (CP) of the toy for P be Rs. $x$
According to the question,
$x×\frac{100+40}{100}×\frac{100+10}{100}=539$
⇒ $x=539×\frac{100}{110}×\frac{100}{140}$
⇒ $x=350$
Hence, the correct answer is Rs. 350.

Know More About

Related Questions

TOEFL ® Registrations 2024
Apply
Accepted by more than 11,000 universities in over 150 countries worldwide
Manipal Online M.Com Admissions
Apply
Apply for Online M.Com from Manipal University
View All Application Forms

Download the Careers360 App on your Android phone

Regular exam updates, QnA, Predictors, College Applications & E-books now on your Mobile

150M+ Students
30,000+ Colleges
500+ Exams
1500+ E-books