Ansh bought a smartphone from his colleague Sameer for Rs. 45,540 such that Sameer earned a profit of 10%. Sameer bought the phone from Anita, on which Anita earned a profit of 15%. Sujata sold that phone to Anita earning a profit of 20%. At what price (in Rs.) had Sujata bought the phone?
- A25,000
- B30,000
- C35,000
- D33,000
Solution & Step-by-step Explanation
Let the price at which Sujata bought the phone be Rs. P.
The chain of transactions with respective profits is:
Sujata sells to Anita at 20% profit.
Anita sells to Sameer at 15% profit.
Sameer sells to Ansh at 10% profit.
The final price paid by Ansh is Rs. 45,540:
P×(1+
100
20
)×(1+
100
15
)×(1+
100
10
)=45540
P×
100
120
×
100
115
×
100
110
=45540
P×
5
6
×
20
23
×
10
11
=45540
P×
1000
1518
=45540
Solving for P:
P=
1518
45540×1000
Since 1518×30=45540:
P=30×1000=30000
Thus, Sujata bought the phone for Rs. 30,000.
The chain of transactions with respective profits is:
Sujata sells to Anita at 20% profit.
Anita sells to Sameer at 15% profit.
Sameer sells to Ansh at 10% profit.
The final price paid by Ansh is Rs. 45,540:
P×(1+
100
20
)×(1+
100
15
)×(1+
100
10
)=45540
P×
100
120
×
100
115
×
100
110
=45540
P×
5
6
×
20
23
×
10
11
=45540
P×
1000
1518
=45540
Solving for P:
P=
1518
45540×1000
Since 1518×30=45540:
P=30×1000=30000
Thus, Sujata bought the phone for Rs. 30,000.