Question : Ram sold an item costing INR 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.
Option 1: INR 1,328.50
Option 2: INR 1,428.50
Option 3: INR 1,427.50
Option 4: INR 1,327.50
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Correct Answer: INR 1,327.50
Solution :
Ram sold the item to Ramesh at a gain of 18%. So, Ramesh's cost price (CP) is 118% of the original cost price.
Ramesh's CP = $\frac{118}{100} \times 1250$ = INR 1475
Ramesh sold the item to Shyam at a loss of 10%. So, the selling price to Shyam is 90% of Ramesh's cost price.
Selling price to Shyam = $\frac{90}{100}\times1475$ = INR 1,327.50
Hence, the correct answer is INR 1327.50.
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