18. Mohit sold a watch to Karim at a gain of 10% and Karim sold it to Rahim at a gain of 4%. If
Rahim pays Rs 14300 for it, for how much did Mohit purchase it?
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Answered by
1
Answer:
Mohit purchased it at Rs.12,500/-
Explanation:
Given
Rahim pays Rs.14300 /-
Hence 10% on original price, and 4 % on top of it can be written as
Assuming x as original value
(0.1x + x)0.04 + (0.1x + x) = 14300
(0.1x + x)(1.04) = 14300
x = 12500
12500
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Mohit sold a watch to Karim at gain of 10% and Karim sold it to Rahim at a gain of 4%. If Rahim pays Rs. 14300 for it, for how much did Mohit purchase it?
Refer to the attachment.
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