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Question

Prathik sold a music system to Karthik at 20% gain and Karthik sold it to Swasthik at 40% gain. If Swasthik paid Rs 10,500 for the music system, what amount did Parthik pay for the same?

  • Rs 8,240
  • Rs 7,500
  • Rs 6,250
  • Rs 7,000
  • Rs 6,950
Answer- C

Cost price of Karthik = 10500×(100/140) = Rs 7500

Therefore Cost price of Prathik = 7500×(100/120) = Rs 6250


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