Question 72
P sells an article to Q at a loss of 5% and Q sells that article to R at a loss of 20%. If R pays ₹ 2812 for the article, then what was the cost price for P?
Solution
Let the Cost Price of P be Rs.100x
Selling Price of P = Cost Price of Q = 95% of Rs.100x = Rs.95x
Selling Price of Q = Cost Price of R = 80% of Rs.95x = Rs.76x
Given, Cost Price of R = Rs.2812
Rs.76R = Rs.2812
=> R = 37
Therefore, Cost Price of P = Rs.100x = Rs.100*37 = Rs.3700.
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