A sold a car to B at a profit of 25%.B incurred loss of 15% while selling the same car to C.A spent Rs.50000 for this car.At what price did C buy it?Rs.62,500Rs.60,000Rs.53,125Rs.90,000
Question
A sold a car to B at a profit of 25%.B incurred loss of 15% while selling the same car to C.A spent Rs.50000 for this car.At what price did C buy it?Rs.62,500Rs.60,000Rs.53,125Rs.90,000
Solution
Let's solve this step by step:
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A sold the car to B at a profit of 25%. This means the selling price for B was 125% of the cost price. As A spent Rs. 50,000 on the car, the selling price for B would be 125/100 * 50,000 = Rs. 62,500.
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B then sold the car to C at a loss of 15%. This means the selling price for C was 85% of the price B bought it for. So, the price C bought it for would be 85/100 * 62,500 = Rs. 53,125.
So, C bought the car for Rs. 53,125.
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