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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?

  1. A
    25,000
  2. B
    30,000
  3. C
    35,000
  4. D
    33,000

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

100
120

×
100
115

×
100
110

=45540

5
6

×
20
23

×
10
11

=45540

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.

Practice this question

Try it yourself before checking the explanation above.

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?
A
25,000
B
30,000
C
35,000
D
33,000

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