Question 86
A miner sells a diamond to a trader at a profit of 40% and the trader sells it to a customer at a profit of 25%. If the customer pays Rs 56 lakhs to buy the diamond, what had it cost the miner (in Rs lakhs)?
Solution
C.P = $$\frac{56}{1.25\times1.40}=32$$ lakh Rs.
D is correct choice.
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