Shatish sold a music system to Karan at a 25% gain and Karan sold it to Swati at a 30% gain. If Swati paid Rs. 12,500 for the music system, what amount did Shatish pay for the same?
- ARs.8,692.31
- BRs.6,802.32
- CRs.7,692.31
- DRs.9,000.35
Solution & Step-by-step Explanation
Let the cost price for Shatish be Rs. X.
Shatish sells to Karan at a 25% gain, so selling price for Shatish (Cost price for Karan):
CP
Karan
=X×(1+
100
25
)=X×
100
125
Karan sells it to Swati at a 30% gain, so price paid by Swati is:
Price
Swati
=CP
Karan
×(1+
100
30
)
12500=X×
100
125
×
100
130
Solving for X:
12500=X×
4
5
×
10
13
12500=X×
40
65
X=
65
12500×40
X=
65
500000
≈Rs. 7,692.31
Shatish sells to Karan at a 25% gain, so selling price for Shatish (Cost price for Karan):
CP
Karan
=X×(1+
100
25
)=X×
100
125
Karan sells it to Swati at a 30% gain, so price paid by Swati is:
Price
Swati
=CP
Karan
×(1+
100
30
)
12500=X×
100
125
×
100
130
Solving for X:
12500=X×
4
5
×
10
13
12500=X×
40
65
X=
65
12500×40
X=
65
500000
≈Rs. 7,692.31