Sreenivas sells a table to Shiva at 10% profit and Shiva sells it to Mahesh at 10% loss. At what price did sreenivas purchase the table if mahesh paid rs.2178?
Answer (1)
Student Expert
9th Dec, 2019
hi,
suppose srinivas purchase the table at x rs.
he sell it to Shiva at 10% profit. so the selling price is x+ x*10%= 11x/10.
now Shiva sells it to mahesh at 10% loss.
so Shivas selling price to mahesh is 11x/10- (11x/10)*10%= 99x/100.
now,
99x/100= 2178.
by solving the equation x is 2200, who is the purchased price of table by srinivas.
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