Akash bought a Sopha for Rs. 50,000. After one year he sold it to Bhuvan at 10% less of his cost price. Bhuvan spends extra Rs.600 for its repair. And offered Sopha to Charan for Rs.X. Charan requested to get a discount of 15% on that price. But Bhuvan gave him two successive discounts of 10% and 5% instead of 15%.By this Bhuvan got Rs.300 more from Charan. What is the profit % of Bhuvan?
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Explanation :
x*(90/100*95/100 – 85/100) = 300
x =60,000
Now Charan purchased for 60,000*90/100*95/100 = 51300
Bhuvan CP =45000+600 =45600
51300 = 45600*(100+p/100)
p = 12.5%
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