Question

A shopkeeper sold a mobile at a profit of 8% to a second shopkeeper. The second shopkeeper sold it to a third shopkeeper at a profit of 6%. If the third shopkeeper paid Rs. 2862/-, the cost price of the mobile for the first shopkeeper is (in rupees)

Answer 1

Initial price of mobile=x
Selling price of mobile to 2nd SK= y= 1.08x
Selling price of mobile to 3rd SK= 1.06y=2862 INR
Solving, x=2500 INR= Answer

Answer 2

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